Bastei Lübbe AG (XTRA:BST) signed an agreement to acquire Business Hub Berlin UG on December 22, 2020. A significant portion of the purchase price is dependent on the future earnings of Business Hub Berlin UG over the next four years. Post transaction, the editorial independence and brand essence of "smarticular" will be preserved. As a part of transaction, two founders of Business Hub Berlin UG, Marco Eder and Sebastian Knecht signed multi-year contracts as managing directors. Eder and Knecht will continue to be independently responsible for the future direction of the program. The team of Business Hub Berlin UG will also remain with the company. Business Hub Berlin UG's headquarters in Berlin will be maintained. The transaction is to be completed in January 2021. The Executive Board of Bastei Lübbe AG expects the acquisition to have a positive impact on the Group's earnings already in the 2021 / 2022 financial year. in rebus acted as financial adviser to Business Hub Berlin. Rudolf-Matthias Hübner, Rouven Siegemund and Martin Soppe of Osborne Clarke Rechtsanwälte Steuerberater Partnerschaft mit beschränkter Berufshaftung acted as a legal adviser to Bastei Lübbe.