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Weil Featured in Law360 for Advising DIRECTV in Sale to AT&T

Corporate Partners Fred Green and Michael Lubowitz Highlighted for Leading Advisory Role

Weil was featured in Law360’s “Sealing the Deal” series for its representation of DIRECTV in its pending sale to AT&T, with corporate partners Frederick Green and Michael Lubowitz highlighted for their leading advisory roles. The pending deal also includes the assumption of DIRECTV’s debt, which brings the total value of the transaction to approximately $67.1 billion.

Within a matter of weeks, the Weil team was able to put together one of the largest global deals in recent history. The deal is the most recent transaction to be announced amid a wave of merger and acquisition activity between the television and telecommunications industries. Green noted to Law360, “There’s nobody who’s standing still, who isn't talking to other participants trying to sort out what it will require to thrive in a constantly evolving communications industry in the U.S. and internationally.”

“Sealing the Deal” noted that Green and Lubowitz have been involved in a number of transformative deals for DIRECTV, with a relationship that dates back more than 20 years. Far from the television and video market, Weil’s first deal for DIRECTV, then Hughes Electronic, was negotiating the acquisition of General Dynamics Corp. Missile Division. The Weil team went on to advise Hughes on the sale of its space and communications unit to The Boeing Co. and on the 2003 sale of one-third of DIRECTV to News Corp., which later sold its interest to Liberty Media Corp. In 2009, Weil advised DIRECTV in its $25 billion stock-for-stock merger with Liberty Media.

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.