Cravath’s London Office Moves to 100 Cheapside
July 02, 2021
Cravath partner David J. Kappos and Paul Michel, retired Chief Judge of the U.S. Court of Appeals for the Federal Circuit, authored an article entitled “Federal Tech, Trade Bill Needs IP Owner Transparency Tweaks,” which was published by Law360 as an “Expert Analysis” on June 30, 2021. The article reviews a proposed amendment to the Innovation and Competition Act, legislation currently being considered in the U.S. Senate, which would create a novel and mandatory register at the U.S. Patent and Trademark Office. The article discusses potential issues with the proposed amendment, such as leaving the system vulnerable to gaming by sophisticated parties and devaluing patents by blocking enhanced damages, and proposes solutions to those issues.
Deals & Cases
June 30, 2021
On June 29, 2021, Scientific Games announced that it intends to divest its Lottery and Sports Betting businesses. Scientific Games is evaluating strategic alternatives to execute the divestiture for each business, respectively, including an initial public offering, or a combination with a special purpose acquisition company, or a sale or strategic combination with another business. Cravath is representing Scientific Games in connection with the matter.
Deals & Cases
June 28, 2021
On June 28, 2021, New Senior Investment Group Inc. (“New Senior”) and Ventas, Inc. (“Ventas”) announced that they have entered into a definitive merger agreement pursuant to which Ventas will acquire New Senior in an all‑stock transaction valued at approximately $2.3 billion, including $1.5 billion of New Senior debt. Cravath is representing New Senior in connection with the transaction.
Deals & Cases
June 02, 2021
On June 2, 2021, Prosus N.V. (“Prosus”), a global consumer internet group and one of the largest technology investors in the world, announced that it has entered into a definitive agreement to acquire Stack Overflow, a leading knowledge-sharing platform for the global community of developers and technologists, for $1.8 billion. Cravath represents Prosus in connection with the transaction.
Deals & Cases
May 26, 2021
On May 26, 2021, Amazon and MGM announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion. Cravath is representing Amazon in connection with the transaction.
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