United Talent Agency, LLC acquired Media Link, LLC from Ascential plc (LSE:ASCL) for approximately $130 million on December 16, 2021. The consideration was payable in cash. For the financial year ended December 31, 2020, MediaLink generated revenue of $44.2 million. MediaLink Founder and Chief Executive Officer Michael Kassan joins UTA as a partner and will continue as Chief Executive Officer of MediaLink, which will maintain its powerful brand and full organization as a UTA-owned company. Co-Heads David Anderson and Julian Jacobs will also join the Executive Leadership Team of MediaLink. Skadden, Arps, Slate, Meagher & Flom LLP and PWC acted as legal advisors for United Talent Agency, LLC and Michelman & Robinson acted as legal advisor for Michael Kassan of MediaLink. Philip Richter, Maxwell Yim, Nathaniel L. Asker, Jason R. Ertel, Amir R. Ghavi, Joshua D. Roth, Michael J. Alter, David M. McDonald, Aleksandr B. Livshits and Melissa A. Meyrowitz of Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal counsel to Ascential.
United Talent Agency, LLC completed the acquisition of Media Link, LLC from Ascential plc (LSE:ASCL) on December 16, 2021.