Davis Polk advised Comcast Corporation on the Boston Celtics’ minority investment in Comcast SportsNet New England, LLC, the owner of the regional sports network Comcast SportsNet New England. In connection with the transaction, Comcast SportsNet New England will continue to distribute games of the Boston Celtics. The financial terms were not disclosed.

Based in Philadelphia, Comcast is one of the nation’s leading providers of entertainment, information and communications products and services. The Boston Celtics are a professional basketball team that plays in the National Basketball Association.

The Davis Polk corporate team included partner William H. Aaronson and associate Lee Hochbaum. Partner Frank J. Azzopardi and associate Matthew J. Bacal provided intellectual property and media rights advice. Partner Neil Barr and associate Kay Ng provided tax advice. All members of the Davis Polk team are based in the New York office.