Arnold & Porter Advises Paramount in Chilevisión Sale

Arnold & Porter recently served as lead counsel to Paramount Skydance Corporation, a leading media and entertainment company, in its agreement to sell its shares in the entities that control Chilevisión, a broadcast television network in Chile, to Vytal Group LTD.

As part of the deal, signed on November 14, Vytal Group, a holding company controlled by media executive Tomás Yankelevich, will oversee the business after closing. The sale is subject to customary closing conditions, including regulatory approval.

The Arnold & Porter team included partners Marina Richter and Carlos Lobo, senior associate Claire Frost, and associates Kristen Acosta, Jacob Saracino, Noel Abdala-Arata, and Ally Krenos.