May 20, 2014
The transaction combines complementary strengths to create a unique new competitor with unprecedented capabilities in mobility, video and broadband services. The combined company will be a content distribution leader across mobile, video and broadband platforms. This distribution scale will position the company to better meet consumers’ future viewing and programming preferences, whether traditional pay TV, on-demand video services like Netflix or Hulu streamed over a broadband connection (mobile or fixed) or a combination of viewing preferences on any screen. DIRECTV will continue to be headquartered in El Segundo, California, after the deal closes.
The Weil team on this transaction includes corporate partners Fred Green and Mike Lubowitz, and associates, Sachin Kohli, Natasha Gopaul, Joseph Santo and Adam Templeton (not yet admitted to practice); Securities Litigation partner Greg Danilow; Technology & IP Transactions partner Jeffrey Osterman and associate Cassie Waduge; Employee Benefits partner Paul Wessel and associate Amanda Rosenblum; Tax partners Marc Silberberg and Chayim Neubort, and associate William Dong; Capital Markets partner Matthew Bloch, and associates Suzanne Lee and Lauren Luptak; Environmental partner Annemargaret Connolly and associate Thomas Goslin; and Banking & Finance partner Andrew Yoon.