International law firm Taylor Wessing has advised News Corporation and News Corp UK & Ireland on a recommended cash offer for talkSPORT owner Wireless Group plc for £220.3 million.

Wireless is a media group operating in the UK and Ireland primarily focused on radio broadcasting. The business has valuable media brands that include talkSPORT, the leading sports radio network in the UK, and a wider portfolio of media assets with a significant presence and audience engagement, both digitally and internationally.

Robert Thomson, Chief Executive of News Corp said: “The proposed investment is a clear sign of our commitment to, and belief in, the United Kingdom as a place to do business successfully and profitably.”

“We look forward to welcoming Wireless into News Corp’s global family of businesses. With its strength in radio, as well as its digital and international growth potential, Wireless will help improve the reach and engagement of our strong publishing brands, especially those in News UK.”

News Corp is an increasingly global company with a diverse revenue mix has a proven track record of investing in content that drives audiences and in businesses that complement its existing brands and platforms.

Andrew Davis, partner in the Corporate Technology team who is leading the Taylor Wessing team said:

“This proposed transaction represents a real vote of confidence for the UK economy. It is a pleasure and a privilege to be working with the News Corp and News Corp UK & Ireland teams on this strategic acquisition and has enabled us to showcase our talented media team at its very best: committed, innovative and client focused.”

The Taylor Wessing team is being led by Andrew Davis, partner in the Corporate Technology team and supported by Mike Turner, also partner in the Corporate Technology team, Will Belcher, partner in the Corporate Finance team, Corporate associates Amy Coburn, Andrew Sterling and Jemilla Olufeko, and trainees Katie Kaplucha and Pollyanna West. Specialist advice was provided by Tony Ghee and Adam Rendle (Media), Robert Vidal and Louisa Penny (Competition) Mark Smith and Emma Aylwin (Pensions) Ann Casey and Anna Humphrey (Employee Incentives and Benefits), Joe Aiston and Kate Potts (Employment), Michael Helfgott and Nick Wood (Real Estate).