Comcast Corp. on Saturday emerged as the top offerer in an auction for Sky PLC with a £29.7 billion ($38.8 billion) offer, again besting 21st Century Fox and signaling an end to the bidding war over the British telecom.
Insurance holding company Genworth Financial was hit with a putative class action in Delaware Chancery Court on Friday by holders of long-term care policies from one of its subsidiaries, who allege that the parent company is sabotaging their benefits by fraudulently transferring the subsidiary’s assets to its other units.
Lone Star is reportedly mulling floating Xella, a tie-up between banking giants Deutsche Bank and Commerzbank has earned the favor of the German government, and Calsonic Kansei Corp. has roughly €5 billion ($5.9 billion) in financing for its bid to buy Magneti Marelli SpA.
A week before trial is scheduled to begin, Cadwalader Wickersham & Taft told a New York state court on Friday that there is still the potential to settle a legal malpractice suit brought by Washington Redskins owner Dan Snyder but that the court must step in to ensure decision makers will be at the table.
A Texas federal judge has declined to throw out a suit by a medical device developer accusing a California attorney of scamming it out of $1.76 million, ruling that the court did have jurisdiction over the case.
With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Kirkland & Ellis LLP and Goodwin Procter LLP. Here, Law360 explores the ones you may have missed.
Private equity-backed real estate company ESR has made an offer to buy all the shares in Australia's Propertylink Group it doesn't already own for roughly AU$693 million ($505 million), Propertylink said Friday.
Sempra Energy agreed Thursday to sell a U.S. renewable energy unit to Consolidated Edison Inc. for $1.54 billion, part of an asset divestment plan unveiled in June amid activist investor pressure that will see Sempra exit the U.S. renewable project business.
In this week’s Taxation with Representation, Enbridge simplified its corporate structure with $7.1 billion in deals, Adobe bought Marketo for $4.75 billion, Univar snapped up Nexeo for $2 billion, and Western & Southern Financial Group acquired Gerber Life Insurance for $1.6 billion.
The U.S. Department of the Treasury on Friday proposed eliminating documentation requirements established under Obama-era regulations to discourage corporate inversions, despite calls from more than 500 public interest groups and 60,000 individuals to strengthen them.
Thousands of artifacts dredged up from the Titanic are set to go up for auction in a Florida bankruptcy case next month, with a $19.5 million stalking horse bid in place, according to a sale notice filed Wednesday.
Business and residential communications provider Vonage Holdings Corp. said Thursday it will pay $350 million to take over private equity-backed, cloud-based contact center provider NewVoiceMedia, with Morrison & Foerster LLP guiding the buyer and Weil Gotshal & Manges LLP steering the seller.
Private equity firms are buzzing around Nature Nate’s Honey Co., Rocket Internet is reportedly getting ready to list Jumia, and Amazon and an India-based private equity firm have bought Indian retail and grocery chain More.
Delaware Gov. John Carney announced his nomination of two candidates for the expanded bench of the Delaware Chancery Court on Thursday, choosing Chancery Master Morgan T. Zurn and Young Conaway Stargatt & Taylor LLP litigator Kathaleen S. McCormick to fill the newly created seats.
Adobe Systems Inc. has agreed to pay $4.75 billion to pick up private equity-backed marketing software firm Marketo Inc. as part of an effort to boost Adobe's cloud-based software offerings, in a deal guided by Hogan Lovells and Kirkland & Ellis LLP, the companies said on Thursday.
AT&T told the D.C. Circuit on Thursday that a lower court correctly ruled that the U.S. Department of Justice did not demonstrate how its $85.4 billion purchase of Time Warner Inc. would increase wholesale prices for distributors and retail rates for consumers.
Shareholders of Dun & Bradstreet on Wednesday filed a proposed class action in Delaware federal court alleging that a proxy statement filed by the company's board in September is "materially incomplete," making shareholders unable to properly assess the fairness and financial implications of its potential $6.9 billion merger with a buying group led by CC Capital.
The U.K.’s competition watchdog said Wednesday it had opened an investigation into PayPal Holdings Inc.’s $2.2 billion purchase of Sweden’s iZettle, a payments platform that boasts nearly a half-million merchants across 11 international markets, and restricted some activity by the businesses in the U.K. market.
South Korea-based automotive supplier Hanon Systems said Thursday that it has agreed to acquire the fluid pressure and controls unit of Magna International Inc., a mobility technology company and automotive supplier, in a deal valued at approximately $1.2 billion.
Citing a fatal lack of specifics, Delaware’s Supreme Court declined Thursday to overturn the dismissal of a suit alleging unfair dealing in the $43 million sale of a limited liability company serving disabled children, despite facts “arguably” supporting impropriety claims.
While in-house technology investments on the scale and complexity needed to compete with large firms remain cost prohibitive for small and midsize law firms, cloud-based services offer significant cost savings and productivity gains with little to no capital investment, says Holly Urban of Effortless Legal LLC.
When approaching M&A, investments and other transactions associated with artificial intelligence, we must take into consideration the nature of the technology today, the anticipated technological developments and the evolving legal landscape, say Lee Tiedrich and Daniel Gurman of Covington & Burling LLP.
A deep dive into data on deal terms in midstream oil and gas acquisition agreements reveals significant insights on “what’s market” and what's not in such deals. As compared to a broad cross-section of agreements across industries, the midstream M&A acquisition agreements studied generally allocated more of the risks — especially unknown risks — to buyers, says Greg Krafka of Winstead PC.
With the Milbank/Cravath pay scale once again equalizing compensation at many Am Law 100 firms, there is even more pressure for firms to differentiate themselves to top lateral associate candidates. This presents strategic considerations for both law firms and lateral candidates throughout the recruitment process, says Darin Morgan of Major Lindsey & Africa.
The Private Target Mergers & Acquisitions Deal Points Studies prepared by the American Bar Association’s Business Law Section have been a key resource for M&A attorneys for over a decade. In this two-part article, Greg Krafka of Winstead PC examines data from the most recent study and other sources to systematically identify “what’s market” concerning deal terms in midstream oil and gas acquisition agreements.
Newly proposed U.K. rules and the amended regime for the Committee on Foreign Investment in the United States will radically change how the two governments review sensitive transactions, which will affect the likelihood of deal clearance, deal timing and the drafting of appropriate contractual provisions, say Robert Bell and Jennifer Mammen of Bryan Cave Leighton Paisner LLP.
In this series featuring law school luminaries, Stanford Law School professor Jeffrey Fisher discusses his motivation for teaching, arguing before the U.S. Supreme Court and what the court might look like if Judge Brett Kavanaugh is confirmed.
Last week, the Federal Trade Commission began a series of public hearings on competition and consumer protection issues. Attorneys with Perkins Coie LLP offer some key takeaways from the three panel discussions.
The first comprehensive overhaul of California's Rules of Professional Conduct in nearly 30 years becomes operational on Nov. 1. Some of the new rules mirror the model language used by the American Bar Association, but many continue to reflect California’s unique approach to certain ethical questions, says Mark Loeterman of Signature Resolution LLC.
The selection of a long-term growth rate is one of the key assumptions made when performing a discounted cash flow analysis in business valuation cases. Decisions from recent years illustrate a consistent pattern in the Delaware Chancery Court's growth rate determinations, say Toby Reiff and Josh Reder of Stout Risius Ross LLC.