COBALT Advises TV NET in Acquisition of Recipe Portal Receptes.lv

The Latvian on-line news portal SIA TV NET, owned by the Estonian media group Eesti Media, has purchased the well-known on-line recipe database portal Receptes.lv. The portal was founded in 2005 and features several thousand user generated recipes, forums, food guides and tips.

COBALT assisted the client in drafting the transaction documents, represented TV NET in the negotiations and during the closing. Receptes.lv transaction is the fourth portal acquisition transaction in which COBALT represents TV NET.