Davis Polk is advising Comcast Corporation in connection with Comcast’s acquisition of majority ownership of Craftsy, a leader in the lifestyle learning entertainment space. Financial terms of the deal were not disclosed.
Comcast is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. With a community of more than 12 million crafters and hobbyists and over a million active visitors each week, Craftsy produces high-quality, interactive video classes and downloadable workshops led by experts in areas such as cooking, cake-decorating, knitting, quilting, jewelry-making and photography.
The Davis Polk corporate team includes partner William H. Aaronson and associate Albert Zhu. Partner Kyoko Takahashi Lin and associate Travis Triano are providing executive compensation advice. Partner Neil Barr and associate Patrick E. Sigmon are providing tax advice. Counsel Susan D. Kennedy is providing real estate advice. The compliance team includes partner Angela T. Burgess and associate Jordan Leigh Smith. Partner Frank J. Azzopardi is providing intellectual property and technology advice. All members of the Davis Polk team are based in the New York office.