Sunrise Communications acquired Wilmaa Holding and all of its subsidiaries, a pioneer in web TV offering digital television for smartphones, tablets, and PCs as well as large TVs at home.
According to a press release, the Wilmaa brand will be retained, with its 10 employees to move to the Swiss telecom company. The streaming service offers over 260 TV channels that can be streamed live and recorded for free.
Lenz & Staehelin advised Sunrise in this transaction. The team included partner Hans-Jakob Diem (pictured left), associates Simone Ehrsam and Ann Francesca Weibel (all corporate and m&a) as well as counsel Franziska Stadtherr-Glättli (employment and pension).
Walder Wyss advised the sellers in this transaction. The team was led by partner Alex Nikitine (corporate/m&a – pictured right) and senior associate Marion Bähler (corporate/m&a) and also included partner Irène Suter-Sieber (employment), counsel Janine Corti (tax), managing associate Christine Leuch (ip/it), senior associate Claudia Weber (corporate/m&a), associate Nadine Mäder (employment) and junior associate Judith Rothen (corporate).