MoFo News Item

Morrison & Foerster Advises Fyber N.V. on Takeover by Digital Turbine

22 Mar 2021

Morrison & Foerster, together with a team from Dutch law firm Stibbe, advised Fyber N.V. (FSE: FBEN), a leading mobile advertising technology company listed on the Frankfurt Stock Exchange, on its takeover by Digital Turbine, Inc. (Nasdaq: APPS), a global mobile marketing platform that simplifies content discovery and delivers it directly to the device with its on-device media platform.

Digital Turbine, which is headquartered in Austin, Texas, signed a binding agreement with Fyber’s majority shareholder in order to acquire more than ninety percent of the shares in Fyber. One hundred percent of the Fyber shares are valued at up to US$600 million, minus Fyber’s liabilities. The transaction is subject to the customary provisions for execution and closing, and is expected to close in the second quarter of 2021. After the closing, Digital Turbine will submit a mandatory takeover offer to the remaining Fyber shareholders. The completion of Fyber’s takeover will create a new mobile media powerhouse that will constitute the largest independent platform for app publishers, performance marketers, and top global brands.

Morrison & Foerster’s team: Dr. Dirk Besse, partner (Corporate/M&A); Dr. Sebastian Schwalme, counsel (Corporate/M&A); Julian Gebauer, senior associate (Corporate/M&A); Dr. Jasper Schedensack, senior associate (Corporate/M&A); Paula Katharina Paprocki, associate (Corporate/M&A); Antonia Schlag, associate (Corporate/M&A); Murray Indick, partner (Corporate/M&A U.S.), Michael Williams, associate (Corporate/M&A U.S.); Stephan Kreß, counsel (Technology Transactions/IP/IT); Robert Grohmann, senior associate (Technology Transactions/IP/IT); Dr. Jens Uwe Hinder, partner (Tax); Dr. Jenny Broekmann, senior associate (Tax); Dr. Angela Kerek, partner (Finance); and Dr. Andreas Grünwald, partner (Antitrust Law).

Stibbe’s team: Duco de Boer, partner (Corporate/M&A); Wouter Hofstee, senior associate (Corporate/M&A); and Rein van Helden, partner (Finance).



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