Sidley Represents Blue Ocean in Its Definitive Merger Agreement With TNL Mediagene

Sidley represented Blue Ocean Acquisition Corp. (Nasdaq: BOCN), a special purpose acquisition company, in its definitive agreement to merge with TNL Mediagene, a digital-media company formed in May 2023 by the merger of two large Asian media companies: Taipei-based The News Lens Co. (TNL) and Tokyo-based Mediagene Inc. (MG). The deal is expected to result in TNL Mediagene becoming a publicly traded company on NASDAQ upon closing. The transaction gives TNL Mediagene a pre-money enterprise value of approximately US$275 million.

The Sidley team was led by partners Joshua DuClos (M&A and Private Equity), Jon Daly (Capital Markets), and Kenny Terrero (Investment Funds); and associates Zachary Shub-Essig and Jocelyne E. Kelly (M&A and Private Equity). The team also included Rebekah J. Maloney and Kimberly L. Sheehan (M&A and Private Equity); Tanner L. Groce, Alcides Mauricio, and Sam Gandhi (Capital Markets); Ken Daly, Edward W. Sharon, and Flor Van Den Hende (Antitrust/Competition); Stacy Crosnicker (Employee Benefits and Executive Compensation); Cathryn Le Regulski (Labor, Employment and Immigration); Angela T. Richards and Alvin Wang (Tax); and E. Kyle Barnett and Dina M.P. Kang (Technology and Life Sciences Transactions).