Mergers & Acquisitions
May 23, 2012
Yahoo $7.1 billion deal is the largest involving e-commerce
Skadden and Wachtel take the lead, while Munger and Weil offer supporting roles.
Daily Journal Staff Writer
Yahoo Inc. will sell roughly half of its 40 percent stake in Alibaba Holding Ltd. back to the Chinese Internet company in a transaction that is valued to be roughly $7.1 billion, according to a release issued Sunday.
Lawyers from Skadden Arps Slate Meagher & Flom LLP & Affiliates and Wachtell, Lipton, Rosen & Katz took lead roles in the deal, while Munger, Tolles & Olson LLP represe...
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