AwesomenessTV Acquired by DreamWorks Animation
Irell & Manella represented AwesomenessTV in its acquisition by DreamWorks Animation for approximately $33 million in cash, with additional payments of up to $117 million if earnings targets are met in 2014 and 2015. The transaction closed on May 3, 2013. The Irell team included Gregory Klein, Michael Kaplan, Ashok Mukhey, Elliot Freier and Gary Frischling.
AwesomenessTV is a network of 55,000 YouTube channels, with 14 million subscribers, that feature online talk shows, sketch comedy and scripted and reality series aimed at teens.
For additional information, please see the Daily Journal article on the transaction.