News & Announcements

Weil Advised Goldman Sachs in $9B Financing for 21st Century Fox to Spin Off Businesses and Create New “Fox”

Weil advised Goldman Sachs in a $9 billion bridge facility to support the spin-off by Twenty-First Century Fox, Inc. to its shareholders of a new “Fox,” an entity comprising highly-rated news, sports and broadcast businesses, as part of a series of transactions that also included the combination of the rest of the Twenty-First Century Fox businesses with The Walt Disney Company. The deal closed on December 13, 2017.

The Weil team was led by Banking & Finance partner Morgan Bale; and included Capital Markets partner Corey Chivers; M&A partner Raymond Gietz; Tax partner Helyn Goldstein; Litigation partner Miranda Schiller; Regulatory partner Ted Posner; Technology & IP Transactions partner Jeffrey Osterman; Antitrust partner Jeff White; Environmental counsel John O’Loughlin; Banking & Finance associates Justin Lee and Nick Nikic; Capital Markets associate Michael Stein; Regulatory associate Timothy Welch; and Antitrust associate Megan Granger.