GLNS advises the founders of moviepilot GmbH in the sale of the German online movie portal to Webedia.

GLNS assisted the founders of the web platform moviepilot in the sale of the German film website moviepilot.de to the French web-media company Webedia. The purchase price for the German film website amounts to approx. EUR 15 million (USD 20 million). The platform moviepilot.de is one of the largest movie fan community.

The shares in moviepilot GmbH and the US movie platform moviepilot.com remain with the founders and the investors. The founders will focus on the expansion of the US movie plat- form in the future.

GLNS partners Matthias Mittermeier (VC/private equity/M&A) and Andreas Scheidle (tax) acted for the founders. moviepilot GmbH was advised by Clemens Waitz of Berlin based Vogel Heerma Waitz and by Morrison Foster (tax). Shearman & Sterling acted for the pur- chaser.
 

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