Mayer Brown advised Outbrain Inc., the world's leading discovery and native advertising platform on the open web, on the acquisition of Ligatus, an indirect subsidiary of Bertelsmann, in a stock deal. The firm advised on the global tax aspects of the transaction.

The addition of Ligatus will expand and strengthen Outbrain’s position in Europe with over 1,400 premium publishers, including STERN, RTL and Femme Actuelle. The acquisition is subject to regulatory approvals and is expected to close by the second quarter of 2019.

The Mayer Brown Tax Transactions & Consulting team included Michael Lebovitz (Los Angeles), Volker Junge (Frankfurt), Ben Fryer (London), Benjamin Homo (Paris) and Ken Klein (Washington DC), and associates Matthias Golz (Frankfurt) and Lucas Giardelli (New York) and Elena Khripounova, director of transfer pricing and valuation services (Los Angeles/Washington DC).