Mangas Gaming’s Acquisition of Everest Gaming
December 17, 2009
On December 16, 2009, Mangas Gaming, a leading French sports betting and online gaming group, announced a definitive agreement to acquire 60% of Everest Gaming from GigaMedia Limited. Cravath acted as U.S. counsel to Mangas Gaming. The remaining 40% of Everest Gaming will be held by its current shareholder, GigaMedia Limited. Under the terms of the transaction, the consideration for the purchase of 60% will consist of an up-front cash payment of US$100 million and a final earn-out payment after a valuation of the business in 2012, depending upon the fair market value of the business at that time.
The Cravath team includes partners Mark I. Greene and Andrew R. Thompson and associates Cristina M. Amodeo, Stephanie J. Binder and R. Elliot Tapp on corporate matters; partner Eric W. Hilfers and associates M. C. Tania Balthazaar and Daniel A. Birnhak on executive compensation and benefits matters; and partner Stephen L. Gordon and associates Anne Kim and Jonathan J. Katz on tax matters.
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People
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J.D., 1993, University of Pennsylvania Law School
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B.A., 1989, Cornell University
- New York
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J.D., 1998, University of Chicago Law Schoolwith Honors
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A.B., 1995, Princeton University
- New York
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LL.M., 2013, New York University School of Law
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J.D., 2007, Benjamin N. Cardozo School of LawOrder of the Coif, Dean's Distinguished Scholar, summa cum laude
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B.S., 2003, Cornell University
- New York
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J.D., 1981, Harvard Law Schoolcum laude
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A.B., 1978, Cornell Universitycum laude
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