Davis Polk advised Hughes Media LLC in connection with the acquisition of a 67% equity stake in the parent company of The New Republic. The financial terms of the acquisition were not disclosed.

The New Republic, headquartered in Washington DC, has published a magazine of American politics, foreign policy and culture since 1914. Hughes Media is 100% owned by Chris Hughes, a Facebook co-founder and private investor.

The Davis Polk corporate team included partner Francis S. Currie. Partner Rachel D. Kleinberg provided tax advice. All members of the Davis Polk deal team are based in the Menlo Park office.



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