October 25, 2016
Weil is advising J.P. Morgan Chase & Co. and Perella Weinberg Partners LP as AT&T Inc.’s financial advisors in connection with AT&T’s definitive agreement to acquire Time Warner in a stock-and-cash transaction valued at $107.50 per share. The deal is subject to customary closing conditions.
The deal will combine Time Warner’s library of content and ability to create new premium content that connects with audiences around the world with AT&T’s extensive customer relationships, world’s largest pay TV subscriber base and leading scale in TV, mobile and broadband distribution. With a mobile network that covers more than 315 million people in the United States, the combined company will strive to become the first U.S. mobile provider to compete nationwide with cable companies in the provision of bundled mobile broadband and video.
The Weil team advising J.P. Morgan and Perella Weinberg is led by Corporate Chairman Michael Aiello and includes M&A partner Matthew Gilroy; Banking & Finance partner Morgan Bale; M&A associates Eoghan Keenan and Kevin Kitson; and Banking & Finance associate Justin Lee.