Shearman & Sterling advised on the antitrust aspects of ViacomCBS’s agreement to acquire a 49 percent stake in global film and television studio Miramax, a unit of beIN Media Group. The transaction gives ViacomCBS access to Miramax’s film library while offering Miramax access to ViacomCBS’s global distribution network.

The deal is valued at $375 million, along with a commitment to invest $45 million annually over the next five years, to be used for new film and television productions and working capital.

The Shearman & Sterling team below included associates Wooyul Lee and Raphael Tulkens.