Yahoo’s $4.83 Billion Acquisition by Verizon
July 25, 2016
On July 25, 2016, Verizon Communications Inc. and Yahoo! Inc. announced that they have entered into a definitive agreement under which Verizon will acquire Yahoo’s operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Cravath is representing the Strategic Review Committee of Yahoo’s Board of Directors in connection with the transaction.
The Cravath team is led by partner Faiza J. Saeed and includes associate Claudia J. Ricciardi on M&A matters; partners Stephen L. Gordon and Lauren Angelilli and associates Tara L. Rhoades and Joyce Y. Kim on tax matters; and practice area attorney David B. Teigman and associate Daniel P. Herrmann on executive compensation and benefits matters. Summer associates Samantha J. Ostrom and Ashley R. Strojny also worked on M&A matters.
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J.D., 1991, Harvard Law Schoolmagna cum laude
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B.A., 1987, University of California, Berkeleywith Highest Distinction, Phi Beta Kappa
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- California (Inactive)
- District of Columbia (Inactive)
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J.D., 2000, Harvard Law Schoolcum laude
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B.S., 1996, The Wharton School of the University of Pennsylvaniamagna cum laude
- 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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