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News & Insights

Clearwave Fiber’s Combination with Point Broadband

January 05, 2026

On January 5, 2026, Point Broadband, a provider of high‑speed fiber‑to‑the‑premise internet in small‑town and underserved markets across the United States, announced it has signed a definitive agreement to combine with Clearwave Fiber, a provider of broadband and fiber‑based services to residential and commercial customers which was formed in 2022 through a joint venture among Cable One, GTCR, The Pritzker Organization and Stephens Capital Partners. The combined company will be jointly controlled by GTCR and Berkshire Partners. Cable One, a current investor in both Point Broadband and Clearwave Fiber, will contribute its equity investment in Clearwave Fiber into the go‑forward company and remain a significant shareholder. Cravath is representing Cable One in connection with the transaction.

The Cravath team is led by partners Joseph D. Zavaglia and Matthew L. Ploszek and includes associates Armin Hoss, Joshua G. Ezickson and Pablo Storch on M&A matters; and partner Lauren Angelilli and associate Jonathan Minion on tax matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Tax
  • Private Equity
  • Telecommunications

People

Photo
Name
Joseph D. Zavaglia
Title
Corporate
Title
Partner
Email
jzavaglia@cravath.com
Phone
+1-212-474-1724
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    Education

    • J.D., 2004, Brooklyn Law School
      Valedictorian, summa cum laude
    • B.B.A., 2001, College of Insurance
      cum laude

    Admitted In

    • New York
    Photo
    Name
    Matthew L. Ploszek
    Title
    Corporate
    Title
    Partner
    Email
    mploszek@cravath.com
    Phone
    +1-212-474-1744
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      Education

      • J.D., 2014, University of Pennsylvania Law School
        cum laude
      • M.B.A., 2014, The Wharton School of the University of Pennsylvania
        Graduation with Honors
      • B.A., 2007, University of Notre Dame
        Phi Beta Kappa, summa cum laude

      Admitted In

      • New York
      Name
      Lauren Angelilli
      Title
      Tax
      Title
      Partner
      Email
      langelilli@cravath.com
      Phone
      +1-212-474-1016
      vCard
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        Education

        • J.D., 2000, Harvard Law School
          cum laude
        • B.S., 1996, The Wharton School of the University of Pennsylvania
          magna cum laude

        Admitted In

        • New York

        Related News & Insights

        Deals & Cases

        December 29, 2025

        WildBrain’s Sale of its Stake in Peanuts to Sony

        On December 18, 2025, WildBrain Ltd. (“WildBrain”) announced it has signed a definitive agreement to sell its 41% stake in Peanuts Holdings LLC (“Peanuts”), the holding entity for the Peanuts IP, to Sony Music Entertainment (Japan) Inc. and Sony Pictures Entertainment Inc. (together, “Sony”) for C$630 million cash. The ownership of rights to the Peanuts brand and the management of its business are handled by Peanuts Worldwide LLC, a wholly owned subsidiary of Peanuts. The family of Charles M. Schulz, creator of Peanuts, retain their 20% stake in the brand. Cravath is representing the family of Charles M. Schulz in connection with the transaction.

        Deals & Cases

        December 22, 2025

        CWAN’s $8.4 Billion Acquisition by Permira and Warburg Pincus

        On December 21, 2025, Clearwater Analytics (“CWAN”) announced that it has entered into a definitive agreement to be acquired in a transaction valued at approximately $8.4 billion by a Permira and Warburg Pincus‑led Investor Group (the “Investor Group”), with participation from Temasek. The Investor Group has key support from Francisco Partners. The Special Committee of the CWAN Board of Directors unanimously recommended this transaction and the CWAN Board of Directors subsequently approved this transaction. Under the terms of the agreement, CWAN stockholders will receive $24.55 per share in cash upon completion of the proposed transaction. Cravath is representing the Special Committee of the CWAN Board of Directors in connection with the transaction.

        Deals & Cases

        December 09, 2025

        Paramount’s $108.4 Billion All‑Cash Tender Offer to Acquire Warner Bros. Discovery, Inc.

        On December 8, 2025, Paramount, a Skydance Corporation (“Paramount”), announced it has commenced an all-cash tender offer to acquire all of the outstanding shares of Warner Bros. Discovery, Inc. (“WBD”) for $30.00 per share in cash, equating to an enterprise value of $108.4 billion. Paramount’s proposed transaction is for the entirety of WBD, including the Global Networks segment. Cravath is representing Paramount in connection with the transaction.

        Deals & Cases

        December 06, 2025

        Viatris’s Sale of its Equity Stake in Biocon Biologics Limited to Biocon

        On December 6, 2025, Viatris Inc. (“Viatris”), a global healthcare company, announced it has entered into definitive agreements with Biocon Limited (“Biocon”) for the sale of Viatris’s equity stake in Biocon Biologics Limited. Under the definitive agreements, Biocon will acquire all of Viatris’s convertible preferred equity in Biocon Biologics Limited for a total consideration of $815 million, consisting of $400 million in cash and $415 million in newly issued equity shares of Biocon. Cravath is representing Viatris in connection with the transaction.

        Cravath Bicentennial

        Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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