Donio becomes part of the Livesport Group and we were there
Czech company Livesport, one of the world's leading providers of results and information from the world of sports, has become a new partner of the crowdfunding platform Donio. Our law firm was pleased to participate in this move.
Partner Patrik Koželuha together with attorneys Martin Bareš and David Línek provided comprehensive legal advice. This consisted in particular in carrying out the necessary legal due diligence, complex preparation of contractual documentation and support in its negotiation.
The work was unique mainly because of the type of activity of the crowdfunding platform. "The goal of most entrepreneurs is understandably to buy companies with the primary goal of securing higher profit generation in the future. The contractual arrangements are therefore tailored to this. In this case, however, we encountered that the client decided to acquire a company simply to participate in a good cause," Patrik Koželuha described a not-so-common aspect of the work.
Livesport is a highly successful Czech technology company that provides reliable, detailed information about the results of sports matches in real time. Currently, Livesport covers over 35 sports. Worldwide, its app is used by over 100 million users every month.
Donio is a crowdfunding platform where donors can financially support a selected project - whether it is a charity fundraiser (e.g. helping specific people in case of illness), cultural and ecological ventures or commercial business ideas.