News & Announcements

Weil Advises Verizon Communications Inc. in its $4.4 Billion Acquisition of AOL Inc.

Weil is advising Verizon Communications Inc. in its agreement to purchase AOL Inc. for approximately $4.4 billion, in a deal that will further drive Verizon’s LTE wireless video and OTT (over-the-top video) strategy. The transaction is subject to customary regulatory approvals and is expected to close this summer.

Weil has advised Verizon and its predecessors for more than 30 years on some of its most significant transactions, including most recently its acquisition of the Intel Media Business from Intel Corporation and its acquisition of EdgeCast Networks, Inc.

The Weil team advising Verizon Communications Inc. is led by co-chair of Transactions practice Frederick Green and includes Technology & IP Transactions partner Jeffrey Osterman; Cybersecurity, Data Privacy & Information Management partner Randi Singer; Executive Compensation & Benefits practice head Paul Wessel; Tax partner Marc Silberberg; Public Company Advisory Group counsel Adé Heyliger; Corporate associates Eoghan Keenan, John Godfrey, Adam Dilluvio, Sara Fiorillo, Dena Haibi, Colby McKenzie, Yuefan Wang and Andrea Ryken (not yet admitted); Technology & IP Transactions associates Eric Leventhal, Claudia Hoeben (not yet admitted), Lauren Springer (not yet admitted) and Mary Lentowski (not yet admitted); Cybersecurity, Data Privacy & Information Management associate Adrian Perry; Employment Litigation associate Linda Shen; Executive Compensation & Benefits associates Eric Schecter and Madeline Lewis; and Tax associates Mark Dundon and Lexie Maravich (not yet admitted).