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Mergers & Acquisitions
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April 24, 2026
Merck's $6.7B Terns Deal Clears Regulatory Hurdle
Merck has cleared a key regulatory hurdle in its plan to acquire clinical stage oncology company Terns Pharmaceuticals Inc. for $6.7 billion, the pharmaceutical giant said Friday.
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April 24, 2026
Don't Miss It: Ropes, Simpson Thacher Steer Week's Hot Deals
A lot can happen in the world of mergers and acquisitions and equity fundraising over the course of a couple of weeks, and it's difficult to keep up with all the deals.
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April 24, 2026
Porsche Selling Bugatti Rimac Stakes To PE-Led Consortium
German automobile manufacturer Porsche announced Friday that it is selling its equity stakes in Bugatti Rimac and Rimac Group to a consortium led by New York-based investment firm HOF Capital.
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April 24, 2026
Taxation With Representation: Gibson Dunn, Paul Weiss
In this week's Taxation With Representation, Elon Musk's SpaceX strikes a deal with Cursor that could lead to an acquisition of the artificial intelligence startup, building products distributor QXO Inc. buys TopBuild Corp., and Eli Lilly & Co. acquires clinical-stage biotechnology company Kelonia Therapeutics.
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April 24, 2026
Canada's Cohere To Merge With German AI Rival Aleph Alpha
Cohere, a Canadian developer of large language models, said Friday that it plans to combine with German rival Aleph Alpha in order to create a transatlantic artificial intelligence powerhouse.
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April 23, 2026
Car Parts Co.'s Acquisition Integration Failed, Investors Say
Auto parts distributor LKQ Corp. has been hit with a proposed class action in Tennessee federal court accusing it of concealing that a 2023 acquisition harmed LKQ's ability to meet its financial growth goals.
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April 23, 2026
Cathay Bank Says Macquarie Hid $100M DTG Rival Acquisition
Cathay Bank sued Macquarie's asset management arm and the former executives of recycling company DTG Enterprises in Washington federal court Wednesday, claiming they tricked lenders into backing a $540 million buyout by misrepresenting DTG's financial viability and concealing a plan to acquire its largest competitor for $100 million.
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April 23, 2026
FTC Cuts Deal To End Anesthesia Group Rollup Case
The Federal Trade Commission reached an agreement Thursday to settle its case accusing U.S. Anesthesia Partners Inc. of monopolizing the Texas anesthesia services market by purchasing most of the competing anesthesia practices in the state.
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April 23, 2026
5-Hour Energy Founder Blasts Fired Exec's Severance Claims
Billionaire energy drink mogul Manoj Bhargava told a Manhattan federal jury Thursday that he fired an executive from a publishing business he bought because the executive helped run it "into the ground" — pushing back against the man's severance claims.
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April 23, 2026
Spirit In 'Advanced' Talks With Gov't For Ch. 11 Financing
Spirit Aviation is in "very advanced discussions" on a government-funded financing package after the war in Iran derailed its second Chapter 11's plans, one of the budget airline's attorneys said at a Thursday bankruptcy hearing in New York.
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April 23, 2026
Burtech's 2nd SPAC Eyes $100M IPO To Launch Deal Hunt
A blank-check company targeting industries such as hospitality, technology and real estate to raise up to $100 million in an initial public offering advised by Loeb & Loeb LLP, Norton Rose Fulbright LLP and Ogier.
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April 23, 2026
Carbon Health Floats $100M Credit Bid To Hedge Plan Fight
Bankrupt urgent care facility operator Carbon Health Technologies Inc. proposed in Texas court a $100 million credit bid sale from its prepetition lender, saying it is still pursuing its Chapter 11 reorganization plan but that opposition from its unsecured creditors is leading to ballooning administrative costs.
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April 23, 2026
Warner Stockholders Back $110B Paramount Skydance Deal
Warner Bros. Discovery Inc.'s shareholders voted to approve the planned $110 billion sale to Paramount Skydance Corp. at a meeting on Thursday.
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April 23, 2026
Meta Defends Toss Of Consumer Antitrust Case At 9th Circ.
Meta told the Ninth Circuit a lower court was right to find no support for an expert's theory that Facebook would have paid users $5 a month for using the service if it didn't misrepresent its privacy and data practices.
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April 23, 2026
T-Mobile Tie-Up, Boots IPO Among Week's Top Deal Rumors
Deutsche Telekom AG could merge with its American arm T-Mobile to create a global phone giant, digital bank Revolut envisions a $200 billion valuation for its potential initial public offering in 2028, and the owners of U.K. pharmacy chain Boots consider a public offering of their own.
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April 23, 2026
CMA Eyes Joint Venture's $2.7B Deal For Substantial Group
The competition regulator said Thursday that it is seeking views on how the Nexfibre joint venture's $2.7 billion acquisition of Substantial Group, the second-largest alternative fiber provider in the U.K., could harm competition in the country.
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April 23, 2026
CMA Seeks Views On EBay's $1.2B Depop Buy From Etsy
Britain's competition watchdog said Thursday that it is seeking views from interested parties on how eBay's planned $1.2 billion acquisition of Depop, an online marketplace for used apparel, could affect competitiveness in the country.
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April 22, 2026
Antitrust Panel Chief Raises Concerns On RV Part Cos. Merger
Two of the nation's biggest RV part suppliers are talking about merging, and it's got the head of the Senate's subcommittee on antitrust issues concerned — he's written to the companies to tell them that their union would warrant "close scrutiny."
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April 22, 2026
Nexstar Appeals Order Blocking $6.2B Tegna Merger
Nexstar Media Group Inc. has made good on its promise to appeal an order preventing it from fully merging with Tegna Inc., as the broadcasters fight a challenge of the $6.2 billion deal from state enforcers and satellite provider DirecTV.
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April 22, 2026
Stoel Rives Hires Transactional Partner In Seattle Office
Stoel Rives LLP has hired a Seattle-based partner with a transactional practice advising on corporate, investment and real estate matters.
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April 22, 2026
Simpson Thacher Adds Another Kirkland Finance Alum In Calif.
Simpson Thacher & Bartlett LLP has hired another former Kirkland & Ellis LLP partner to join its recently formed capital structure solutions practice in the San Francisco area, where she'll focus on banking and other finance matters, Simpson Thacher announced Wednesday.
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April 22, 2026
Kirkland Keeps Growing In Philly With Private Equity Atty
Kirkland & Ellis LLP announced Wednesday it is continuing to expand its new Philadelphia office with the recent addition of a private equity attorney, who has moved his practice after more than 12 years with Morgan Lewis & Bockius LLP.
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April 22, 2026
4 Firms Build Amneal's Up To $1.1B Kashiv Biosimilars Buy
Biopharmaceutical company Amneal Pharmaceuticals Inc. on Wednesday unveiled plans to acquire biosimilars-focused Kashiv BioSciences LLC in a deal worth up to $1.1 billion that was built by four law firms.
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April 22, 2026
TMX Buying Cboe's Canada, Australia Exchanges For $300M
Cboe Global Markets Inc., advised by three law firms, said Wednesday it has agreed to sell its Canadian and Australian equities exchanges to Canada's TMX Group Ltd. for a total of $300 million.
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April 22, 2026
2 Firms Take Lead On Possible $60B SpaceX-Cursor Deal
Elon Musk's SpaceX has struck a deal with Cursor that could lead to a $60 billion acquisition of the artificial intelligence startup, as the company moves to expand its push into coding-focused AI systems.
Expert Analysis
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Seeking A Policy Fix As Merger Reporting Fight Continues
A recently announced request by the Federal Trade Commission and U.S. Department of Justice for public comment on the Hart-Scott-Rodino premerger reporting requirements, as litigation challenging the commission's updated requirements continues, suggests the government's willingness to address how best to support modern merger enforcement without unduly burdening filing parties, say attorneys at Baker Botts.
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2 Rulings Poke Holes In Mandatory Restitution Framework
The U.S. Supreme Court’s recent ruling in Ellingburg v. U.S., as well as the Third Circuit’s recent ruling in U.S. v. Abrams, provide criminal defense practitioners with new tools to challenge Mandatory Victims Restitution Act orders, and highlight several restitution-related issues that converged in the recent prosecution of former Frank CEO Charlie Javice, say attorneys at Lankler Siffert & Wohl.
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What A Court Doc Audit Reveals About Erroneous Filings
My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.
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FTC Focus: Growing Emphasis On Competition In AI
The Federal Trade Commission's leadership has continued to highlight that competitive risks in artificial intelligence markets may arise at multiple levels simultaneously, considering not only who controls the resources necessary to build AI systems, but also how those systems function and yield outputs, say attorneys at Proskauer.
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Series
Ultramarathons Make Me A Better Lawyer
Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.
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Key Takeaways From The 2026 ABA Antitrust Spring Meeting
Last week's American Bar Association Spring Meeting revealed an antitrust landscape defined by heightened friction and tension — between federal and state enforcers, domestic and international regimes, competing political visions, and traditional enforcement tools and novel challenges, say attorneys at Skadden.
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In First For DOJ, Action Signals New CFIUS Enforcement Era
The U.S. Department of Justice is seeking judicial enforcement of a divestment order, an unprecedented action for the agency that ushers in a new phase for the Committee on Foreign Investment in the United States, one in which judicial proceedings complement administrative oversight and presidential divestment orders may be enforced through litigation, says attorney Sohan Dasgupta.
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Getting The Most Out Of Learning And Development Programs
Excerpt from Practical Guidance
Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.
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Opinion
AI Presents A Make-Or-Break Moment For Outside Counsel
The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.
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Defense Deals Can Trigger Extra HSR Filing With The DOD
Certain aerospace, defense and national security M&A transactions will require a concurrent Hart-Scott-Rodino Act filing to the U.S. Department of Defense, and practice tips for navigating this extra filing include early analysis of competitive implications of sector deals and planning for concurrent filings, say attorneys at White & Case.
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Series
Watching Hallmark Movies Makes Me A Better Lawyer
I realize you may be judging me for watching, and actually enjoying, Hallmark Channel movies, but the escapism and storylines actually demonstrate qualities and actions that lead to an efficient, productive and positive legal practice, says Karen Ross at Tucker Ellis.
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Assessing Potential Legal Claims From Private Credit Turmoil
Amid the downturn in the private credit markets spurred by multiple high-profile bankruptcies, a New York lawsuit stemming from the collapse of First Brands provides an important case study for investors to help minimize future losses and maximize any potential recovery in the event of a private credit default, say attorneys at Bleichmar Fonti.
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Nippon Case Illustrates Challenges Of Proving Antitrust Injury
A recent California federal court decision dismissing challenges to Nippon Steel's purchase of U.S. Steel underscores the longtime antitrust precedent that while the limitations of injury are critical for defendants sued under U.S. antitrust laws, showing that the harm is real is the key, says Cameron Regnery at Freeman Mathis.
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How Iran War Might Reshape Proxy Contests This Year
The Iran war may function as a short-term poison pill for proxy contests, not because it strengthens corporate defenses, but because it increases the risks associated with activist commitments, say attorneys at Sidley.
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What To Watch At The 2026 ABA Antitrust Spring Meeting
Attorneys at Freshfields consider the future of antitrust law and competition among developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.