Latham scores lead role in Man Utd’s potential sale as US outfits advise on Tom Ford deal

Posted on |
Latham scores lead role in Man Utd’s potential sale as US outfits advise on Tom Ford deal

Latham & Watkins has had a busy November, picking up several multi-billion-dollar instructions across the sports, retail and telecoms sectors. Among the other firms securing lead roles are US peers Skadden, Paul Weiss and Orrick and Magic Circle competitors Linklaters and Allen & Overy (A&O).

Following Latham’s lead role in the £4.25bn acquisition of Chelsea FC earlier this year, the firm has been instructed by Manchester United as it pursues a potential sale.
Continue reading “Latham scores lead role in Man Utd’s potential sale as US outfits advise on Tom Ford deal”

Musk’s Twitter takeover sparks legal feeding frenzy, but leaves more questions than answers

Posted on |
Musk’s Twitter takeover sparks legal feeding frenzy, but leaves more questions than answers

Ask any City partner about the current state of the market, and they will point to a softening in the M&A market in line with the clouds gathering over the economy. It seems no one told Tesla and SpaceX owner Elon Musk, who recently completed a highly-publicised acquisition of social media giant Twitter. The initially hostile takeover pulled in some of the US’ premier law firms, but events since suggest that the legal proceedings may be only just beginning.

Musk’s headline-grabbing acquisition was completed in October. According to filings, the total payment was $44bn (£38.1bn), making the transaction one of the largest M&A deals of 2022. It also saw the company taken private, having previously been listed on the New York Stock Exchange.
Continue reading “Musk’s Twitter takeover sparks legal feeding frenzy, but leaves more questions than answers”