“Emerald Media, a Pan-Asian platform established by leading global investment firm KKR for investing in the media and entertainment sector, acquired a significant minority stake in YuppTV for $50m. YuppTV is one of the world’s leading over-the-top (OTT) video platforms for South Asian content offering live TV, catch-up TV and movies on-demand in 14 languages across the globe,” reported Business Wire.

Nishith Desai Associates (NDA) private equity and M&A co-head Simone Reis, senior associate Kartik Maheshwari and associate Rishabh Sharma aced for Emerald.

O’Melveny & Myers partner Tobias Knapp advised Emerald on US law aspects.

Gibson Dunn partner Yashida K La Lande advised YuppTV