Cossette acquires 65.4% of Dare Digital for £30 million

Fasken Martineau acted for Cossette Communications Inc. in its acquisition of 65.4% share of Dare Digital Limited. The consideration consisted of an upfront payment of approximately £10 million, subject to certain adjustments, together with an option for the outstanding share capital of Dare Digital Limited for additional consideration subject to earn-outs and certain adjustments. The final consideration may be in the region of £30 million to be paid over five years. James Lisson, June Paddock, Abayomi Akinjide and Peter Rhodes (corporate securities), Paul Yerbury (taxation), Allistair Booth (commercial IP), Stuart Richards (commerical IP) and Ruth Hickling (employment) Cossette Communications on this matter.