Benjamin G. Joseloff, a former White House and U.S. Treasury Department official, focuses his practice on advising U.S. and international clients on the regulatory aspects of cross‑border mergers, acquisitions, dispositions, investments and other business transactions. Mr. Joseloff is known in particular for his expertise on matters relating to the Committee on Foreign Investment in the United States (CFIUS).
Mr. Joseloff's notable representations include securing CFIUS approval for:
- Aon in its $13 billion acquisition of NFP;
- RWE in its $6.8 billion acquisition of the Con Edison Clean Energy Businesses;
- Micro Focus in its $6 billion acquisition by OpenText;
- Valvoline in its $2.65 billion sale of its Global Products business to Aramco;
- Vista Outdoor in the $2.225 billion sale of The Kinetic Group to Czechoslovak Group;
- Airspan in the sale of Mimosa to Radisys;
- Jefferies in the expansion of its strategic alliance with, and investment from, SMBC;
- Route Mobile and its founding shareholders in the sale of a majority stake in Route Mobile to Proximus Group; and
- a UK multinational in its acquisition of a U.S. healthcare data company.
Mr. Joseloff served in the U.S. government for five years, holding senior legal and policy roles relating to national security and foreign investment. From 2017 to 2018, Mr. Joseloff served as Director for International Trade and Investment at the National Security Council (NSC) and the National Economic Council (NEC), where he coordinated White House efforts relating to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the most substantial update and expansion of CFIUS in 30 years. Most recently, Mr. Joseloff served as Senior Counsel and CFIUS Lead Counsel at the U.S. Department of the Treasury, where he led a team of attorneys that provided legal advice in connection with the Treasury Secretary’s role as Chairperson of CFIUS.
During his time at the White House and Treasury, Mr. Joseloff participated in the review and resolution of hundreds of CFIUS transactions, negotiated or supervised the negotiation of dozens of CFIUS mitigation agreements, drafted portions of the CFIUS regulations and coordinated numerous engagements with U.S. allies and partners on investment security matters. Mr. Joseloff is one of few practitioners to have served as both a CFIUS lawyer at the Treasury and a CFIUS policymaker at the White House, giving him deep, hands‑on experience with every facet of the CFIUS process, from conducting initial jurisdictional analyses to coordinating Presidential prohibitions. In recognition of his contributions, Mr. Joseloff earned a number of individual and team awards for his government service, including the National Security Council’s Outstanding Service Award, the Secretary of the Treasury’s Meritorious Service Award and the Secretary of the Treasury’s Honor Award.
Mr. Joseloff is a member of the American Bar Association, the International Bar Association and the American Society of International Law.
Mr. Joseloff has been named to the Lawdragon 500 X – The Next Generation list. Mr. Joseloff was selected to serve as a member of Law360’s International Trade Editorial Advisory Board in 2025.
Mr. Joseloff was born in Tokyo, Japan. He received a B.A. summa cum laude from New York University in 2004, where he was elected to Phi Beta Kappa, and a J.D. with Pro Bono Distinction from Stanford Law School in 2008, where he was an Associate Managing Editor and Legislative Notes Editor of the Law and Policy Review and Co‑President of the International Law Society. Following his graduation, Mr. Joseloff served as a law clerk to Hon. Janet C. Hall of the U.S. District Court for the District of Connecticut. After his clerkship, he was a fellow at the American University of Afghanistan in Kabul, Afghanistan. Mr. Joseloff joined Cravath in 2010 as a corporate associate where he worked on securities offerings, syndicated loan transactions and mergers and acquisitions prior to leaving for government in 2014. Mr. Joseloff returned to the Firm in 2019 and was elected of counsel in 2022 and a partner in 2024.
Mr. Joseloff's notable representations include securing CFIUS approval for:
- Aon in its $13 billion acquisition of NFP;
- RWE in its $6.8 billion acquisition of the Con Edison Clean Energy Businesses;
- Micro Focus in its $6 billion acquisition by OpenText;
- Valvoline in its $2.65 billion sale of its Global Products business to Aramco;
- Vista Outdoor in the $2.225 billion sale of The Kinetic Group to Czechoslovak Group;
- Airspan in the sale of Mimosa to Radisys;
- Jefferies in the expansion of its strategic alliance with, and investment from, SMBC;
- Route Mobile and its founding shareholders in the sale of a majority stake in Route Mobile to Proximus Group; and
- a UK multinational in its acquisition of a U.S. healthcare data company.
Mr. Joseloff served in the U.S. government for five years, holding senior legal and policy roles relating to national security and foreign investment. From 2017 to 2018, Mr. Joseloff served as Director for International Trade and Investment at the National Security Council (NSC) and the National Economic Council (NEC), where he coordinated White House efforts relating to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the most substantial update and expansion of CFIUS in 30 years. Most recently, Mr. Joseloff served as Senior Counsel and CFIUS Lead Counsel at the U.S. Department of the Treasury, where he led a team of attorneys that provided legal advice in connection with the Treasury Secretary’s role as Chairperson of CFIUS.
During his time at the White House and Treasury, Mr. Joseloff participated in the review and resolution of hundreds of CFIUS transactions, negotiated or supervised the negotiation of dozens of CFIUS mitigation agreements, drafted portions of the CFIUS regulations and coordinated numerous engagements with U.S. allies and partners on investment security matters. Mr. Joseloff is one of few practitioners to have served as both a CFIUS lawyer at the Treasury and a CFIUS policymaker at the White House, giving him deep, hands‑on experience with every facet of the CFIUS process, from conducting initial jurisdictional analyses to coordinating Presidential prohibitions. In recognition of his contributions, Mr. Joseloff earned a number of individual and team awards for his government service, including the National Security Council’s Outstanding Service Award, the Secretary of the Treasury’s Meritorious Service Award and the Secretary of the Treasury’s Honor Award.
Mr. Joseloff is a member of the American Bar Association, the International Bar Association and the American Society of International Law.
Mr. Joseloff has been named to the Lawdragon 500 X – The Next Generation list. Mr. Joseloff was selected to serve as a member of Law360’s International Trade Editorial Advisory Board in 2025.
Mr. Joseloff was born in Tokyo, Japan. He received a B.A. summa cum laude from New York University in 2004, where he was elected to Phi Beta Kappa, and a J.D. with Pro Bono Distinction from Stanford Law School in 2008, where he was an Associate Managing Editor and Legislative Notes Editor of the Law and Policy Review and Co‑President of the International Law Society. Following his graduation, Mr. Joseloff served as a law clerk to Hon. Janet C. Hall of the U.S. District Court for the District of Connecticut. After his clerkship, he was a fellow at the American University of Afghanistan in Kabul, Afghanistan. Mr. Joseloff joined Cravath in 2010 as a corporate associate where he worked on securities offerings, syndicated loan transactions and mergers and acquisitions prior to leaving for government in 2014. Mr. Joseloff returned to the Firm in 2019 and was elected of counsel in 2022 and a partner in 2024.
Education
-
J.D., 2008, Stanford Law SchoolPro Bono Distinction
-
B.A., 2004, New York UniversityPhi Beta Kappa, summa cum laude
Clerkships
- Hon. Janet C. Hall, U.S.D.C. for the District of Connecticut
Admitted In
- New York
Professional Affiliations
American Bar Association
American Society of International Law
International Bar Association
Organizations
Law360
- Member, Editorial Advisory Board – International Trade, 2025
Rankings
Lawdragon
- 500 X – The Next Generation (2024)
National Security Council’s Outstanding Service Award, 2017
Secretary of the Treasury’s Meritorious Service Award, 2020
Secretary of the Treasury’s Honor Award, 2020
Deals & Cases
October 07, 2024
Vista Outdoor’s $1.125 Billion Sale of Revelyst to SVP
On October 4, 2024, Vista Outdoor Inc. (“Vista Outdoor”), the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products, announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all‑cash transaction based on an enterprise value of $1.125 billion. In connection with the SVP Transaction, Vista Outdoor also entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group, increasing the purchase price for The Kinetic Group to $2.225 billion. Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders. Cravath is representing Vista Outdoor in connection with the transaction.
Deals & Cases
September 05, 2024
Frontier’s $20 Billion Acquisition by Verizon
On September 5, 2024, Verizon Communications Inc. and Frontier Communications Parent, Inc. (“Frontier”), the largest pure‑play fiber provider in the U.S., announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all‑cash transaction valued at $20 billion. Cravath is representing Frontier in connection with the transaction.
Deals & Cases
July 08, 2024
Paramount’s $28 Billion Merger Agreement with Skydance
On July 7, 2024, Paramount Global (“Paramount”), a leading global media, streaming and entertainment company, and Skydance Media (“Skydance”), a diversified media company founded to create high-quality, event-level entertainment for global audiences, announced that they have entered into a definitive agreement to form “New Paramount,” a next-generation media and technology leader, through a two-step transaction including the acquisition of National Amusements, Inc. (“NAI”), which holds the controlling share stake in Paramount, and subsequently a merger of Skydance and Paramount. Under the terms of the agreement, which has been approved by the Paramount Board of Directors, acting on the unanimous recommendation of the Special Committee of independent directors, and by NAI, Skydance will merge with Paramount in a transaction valuing New Paramount at an enterprise value of approximately $28 billion. Existing Skydance investors will receive 317 million newly issued Class B shares in New Paramount valuing Skydance at $4.75 billion based on $15 per Paramount Class B share. The Skydance Investor Group will invest up to $6 billion in offers to Class A and Class B stockholders, and use the additional capital to paydown debt and re-capitalize the balance sheet of New Paramount. NAI and its owners have entered into a definitive agreement to sell NAI to Skydance IG for $2.4 billion on a cash-free, debt-free basis. Cravath is representing the Paramount Special Committee in connection with the agreement.
Deals & Cases
May 28, 2024
UScellular’s $4.4 Billion Sale of Wireless Operations and Select Spectrum Assets to T‑Mobile
On May 28, 2024, United States Cellular Corporation (“UScellular”) announced that it has entered into a definitive agreement to sell its wireless operations and select spectrum assets to T‑Mobile for a purchase price of $4.4 billion, including a combination of cash and up to approximately $2 billion of assumed debt. Under the terms of the agreement, T‑Mobile will acquire UScellular’s wireless operations and approximately 30% of its spectrum assets across several spectrum bands. In addition, T‑Mobile will enter into a new master license agreement with UScellular on more than 2,000 towers. The agreement follows a thorough strategic review process announced in August 2023 and has been unanimously recommended by the independent directors of UScellular and unanimously approved by the Board of Directors of UScellular. Cravath is representing the independent directors of UScellular in connection with the transaction.
Deals & Cases
April 02, 2024
Endeavor’s $25 Billion Take‑Private Acquisition by Silver Lake
On April 2, 2024, Endeavor Group Holdings, Inc. (“Endeavor”), a global sports and entertainment company, announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with the Endeavor management team and additional anchor investors. Cravath is representing the independent Special Committee of Endeavor’s board of directors in connection with the transaction.
Activities
March 20, 2025
Law360 Selects Seven Cravath Partners for 2025 Editorial Advisory Boards
Seven Cravath partners were selected to serve on Law360’s 2025 Editorial Advisory Boards: Wes Earnhardt (Media & Entertainment), Brittany L. Sukiennik (Trials), Douglas Dolan (Capital Markets), Arvind Ravichandran (Tax Authority International), Jeffrey T. Dinwoodie (Banking), Adam M. Sanchez (Private Equity) and Benjamin G. Joseloff (International Trade). As Editorial Advisory Board members, they will provide feedback on Law360’s coverage and expert insight on how best to shape future coverage.
Activities
January 07, 2025
Ben Joseloff Joins Boardroom Governance Podcast to Discuss CFIUS
Cravath partner Benjamin G. Joseloff was featured as a guest on the January 6, 2025 episode of the “Boardroom Governance” podcast, hosted by Evan Epstein. In the interview, Ben spoke about his introduction to the Committee on Foreign Investment in the United States (CFIUS) and how his time as a corporate associate in Cravath’s rotational system prepared him to work on CFIUS matters at the U.S. Treasury Department and the White House. Ben also discussed how CFIUS safeguards U.S. national security by reviewing foreign investments, highlighting significant CFIUS cases, emerging trends in transaction reviews and the implications of upcoming regulations on outbound investments.
Publications
November 20, 2024
Ben Joseloff, George Schoen and G.J. Ligelis Jr. Author U.S. Chapter for the International Comparative Legal Guide’s “Foreign Direct Investment Regimes 2025”
Cravath partners Benjamin G. Joseloff, George F. Schoen and G.J. Ligelis Jr. co‑authored the U.S. chapter for the International Comparative Legal Guide’s “Foreign Direct Investment Regimes 2025,” which was published by Global Legal Group on November 15, 2024. The chapter examines U.S. foreign investment review policy and the law, regulations and procedures of the Committee on Foreign Investment in the United States (CFIUS), including both jurisdictional and substantive considerations, as well as recent developments.
Activities
November 14, 2024
Ben Joseloff Speaks at ACI’s 6th Annual China Trade Controls Conference
On November 14, 2024, Cravath partner Benjamin G. Joseloff participated in the American Conference Institute’s 6th Annual China Trade Controls Conference, which was held from November 13‑14 in Arlington, Virginia. Ben spoke on a panel entitled “Beyond TikTok: The Establishment of the Committee for the Review of Foreign Adversary Controlled Applications,” which reviewed the status of the Committee, how it fits in among the U.S. government’s other tools for combatting commercial hybrid threats and its potential impact across the digital landscape.
Firm News
June 28, 2024
Cravath Announces New Partner, European Counsels and Of Counsels
Cravath has elected the following new partner, who will become a member of the Firm on July 1, 2024:
Benjamin G. Joseloff, a former White House and U.S. Treasury Department official, focuses his practice on advising U.S. and international clients on the regulatory aspects of cross‑border mergers, acquisitions, dispositions, investments and other business transactions. Mr. Joseloff is known in particular for his expertise on matters relating to the Committee on Foreign Investment in the United States (CFIUS).
Mr. Joseloff's notable representations include securing CFIUS approval for:
- Aon in its $13 billion acquisition of NFP;
- RWE in its $6.8 billion acquisition of the Con Edison Clean Energy Businesses;
- Micro Focus in its $6 billion acquisition by OpenText;
- Valvoline in its $2.65 billion sale of its Global Products business to Aramco;
- Vista Outdoor in the $2.225 billion sale of The Kinetic Group to Czechoslovak Group;
- Airspan in the sale of Mimosa to Radisys;
- Jefferies in the expansion of its strategic alliance with, and investment from, SMBC;
- Route Mobile and its founding shareholders in the sale of a majority stake in Route Mobile to Proximus Group; and
- a UK multinational in its acquisition of a U.S. healthcare data company.
Mr. Joseloff served in the U.S. government for five years, holding senior legal and policy roles relating to national security and foreign investment. From 2017 to 2018, Mr. Joseloff served as Director for International Trade and Investment at the National Security Council (NSC) and the National Economic Council (NEC), where he coordinated White House efforts relating to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the most substantial update and expansion of CFIUS in 30 years. Most recently, Mr. Joseloff served as Senior Counsel and CFIUS Lead Counsel at the U.S. Department of the Treasury, where he led a team of attorneys that provided legal advice in connection with the Treasury Secretary’s role as Chairperson of CFIUS.
During his time at the White House and Treasury, Mr. Joseloff participated in the review and resolution of hundreds of CFIUS transactions, negotiated or supervised the negotiation of dozens of CFIUS mitigation agreements, drafted portions of the CFIUS regulations and coordinated numerous engagements with U.S. allies and partners on investment security matters. Mr. Joseloff is one of few practitioners to have served as both a CFIUS lawyer at the Treasury and a CFIUS policymaker at the White House, giving him deep, hands‑on experience with every facet of the CFIUS process, from conducting initial jurisdictional analyses to coordinating Presidential prohibitions. In recognition of his contributions, Mr. Joseloff earned a number of individual and team awards for his government service, including the National Security Council’s Outstanding Service Award, the Secretary of the Treasury’s Meritorious Service Award and the Secretary of the Treasury’s Honor Award.
Mr. Joseloff is a member of the American Bar Association, the International Bar Association and the American Society of International Law.
Mr. Joseloff has been named to the Lawdragon 500 X – The Next Generation list. Mr. Joseloff was selected to serve as a member of Law360’s International Trade Editorial Advisory Board in 2025.
Mr. Joseloff was born in Tokyo, Japan. He received a B.A. summa cum laude from New York University in 2004, where he was elected to Phi Beta Kappa, and a J.D. with Pro Bono Distinction from Stanford Law School in 2008, where he was an Associate Managing Editor and Legislative Notes Editor of the Law and Policy Review and Co‑President of the International Law Society. Following his graduation, Mr. Joseloff served as a law clerk to Hon. Janet C. Hall of the U.S. District Court for the District of Connecticut. After his clerkship, he was a fellow at the American University of Afghanistan in Kabul, Afghanistan. Mr. Joseloff joined Cravath in 2010 as a corporate associate where he worked on securities offerings, syndicated loan transactions and mergers and acquisitions prior to leaving for government in 2014. Mr. Joseloff returned to the Firm in 2019 and was elected of counsel in 2022 and a partner in 2024.
Mr. Joseloff's notable representations include securing CFIUS approval for:
- Aon in its $13 billion acquisition of NFP;
- RWE in its $6.8 billion acquisition of the Con Edison Clean Energy Businesses;
- Micro Focus in its $6 billion acquisition by OpenText;
- Valvoline in its $2.65 billion sale of its Global Products business to Aramco;
- Vista Outdoor in the $2.225 billion sale of The Kinetic Group to Czechoslovak Group;
- Airspan in the sale of Mimosa to Radisys;
- Jefferies in the expansion of its strategic alliance with, and investment from, SMBC;
- Route Mobile and its founding shareholders in the sale of a majority stake in Route Mobile to Proximus Group; and
- a UK multinational in its acquisition of a U.S. healthcare data company.
Mr. Joseloff served in the U.S. government for five years, holding senior legal and policy roles relating to national security and foreign investment. From 2017 to 2018, Mr. Joseloff served as Director for International Trade and Investment at the National Security Council (NSC) and the National Economic Council (NEC), where he coordinated White House efforts relating to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the most substantial update and expansion of CFIUS in 30 years. Most recently, Mr. Joseloff served as Senior Counsel and CFIUS Lead Counsel at the U.S. Department of the Treasury, where he led a team of attorneys that provided legal advice in connection with the Treasury Secretary’s role as Chairperson of CFIUS.
During his time at the White House and Treasury, Mr. Joseloff participated in the review and resolution of hundreds of CFIUS transactions, negotiated or supervised the negotiation of dozens of CFIUS mitigation agreements, drafted portions of the CFIUS regulations and coordinated numerous engagements with U.S. allies and partners on investment security matters. Mr. Joseloff is one of few practitioners to have served as both a CFIUS lawyer at the Treasury and a CFIUS policymaker at the White House, giving him deep, hands‑on experience with every facet of the CFIUS process, from conducting initial jurisdictional analyses to coordinating Presidential prohibitions. In recognition of his contributions, Mr. Joseloff earned a number of individual and team awards for his government service, including the National Security Council’s Outstanding Service Award, the Secretary of the Treasury’s Meritorious Service Award and the Secretary of the Treasury’s Honor Award.
Mr. Joseloff is a member of the American Bar Association, the International Bar Association and the American Society of International Law.
Mr. Joseloff has been named to the Lawdragon 500 X – The Next Generation list. Mr. Joseloff was selected to serve as a member of Law360’s International Trade Editorial Advisory Board in 2025.
Mr. Joseloff was born in Tokyo, Japan. He received a B.A. summa cum laude from New York University in 2004, where he was elected to Phi Beta Kappa, and a J.D. with Pro Bono Distinction from Stanford Law School in 2008, where he was an Associate Managing Editor and Legislative Notes Editor of the Law and Policy Review and Co‑President of the International Law Society. Following his graduation, Mr. Joseloff served as a law clerk to Hon. Janet C. Hall of the U.S. District Court for the District of Connecticut. After his clerkship, he was a fellow at the American University of Afghanistan in Kabul, Afghanistan. Mr. Joseloff joined Cravath in 2010 as a corporate associate where he worked on securities offerings, syndicated loan transactions and mergers and acquisitions prior to leaving for government in 2014. Mr. Joseloff returned to the Firm in 2019 and was elected of counsel in 2022 and a partner in 2024.
Education
-
J.D., 2008, Stanford Law SchoolPro Bono Distinction
-
B.A., 2004, New York UniversityPhi Beta Kappa, summa cum laude
Clerkships
- Hon. Janet C. Hall, U.S.D.C. for the District of Connecticut
Admitted In
- New York
Professional Affiliations
American Bar Association
American Society of International Law
International Bar Association
Organizations
Law360
- Member, Editorial Advisory Board – International Trade, 2025
Rankings
Lawdragon
- 500 X – The Next Generation (2024)
National Security Council’s Outstanding Service Award, 2017
Secretary of the Treasury’s Meritorious Service Award, 2020
Secretary of the Treasury’s Honor Award, 2020
Deals & Cases
October 07, 2024
Vista Outdoor’s $1.125 Billion Sale of Revelyst to SVP
On October 4, 2024, Vista Outdoor Inc. (“Vista Outdoor”), the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products, announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all‑cash transaction based on an enterprise value of $1.125 billion. In connection with the SVP Transaction, Vista Outdoor also entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group, increasing the purchase price for The Kinetic Group to $2.225 billion. Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders. Cravath is representing Vista Outdoor in connection with the transaction.
Deals & Cases
September 05, 2024
Frontier’s $20 Billion Acquisition by Verizon
On September 5, 2024, Verizon Communications Inc. and Frontier Communications Parent, Inc. (“Frontier”), the largest pure‑play fiber provider in the U.S., announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all‑cash transaction valued at $20 billion. Cravath is representing Frontier in connection with the transaction.
Deals & Cases
July 08, 2024
Paramount’s $28 Billion Merger Agreement with Skydance
On July 7, 2024, Paramount Global (“Paramount”), a leading global media, streaming and entertainment company, and Skydance Media (“Skydance”), a diversified media company founded to create high-quality, event-level entertainment for global audiences, announced that they have entered into a definitive agreement to form “New Paramount,” a next-generation media and technology leader, through a two-step transaction including the acquisition of National Amusements, Inc. (“NAI”), which holds the controlling share stake in Paramount, and subsequently a merger of Skydance and Paramount. Under the terms of the agreement, which has been approved by the Paramount Board of Directors, acting on the unanimous recommendation of the Special Committee of independent directors, and by NAI, Skydance will merge with Paramount in a transaction valuing New Paramount at an enterprise value of approximately $28 billion. Existing Skydance investors will receive 317 million newly issued Class B shares in New Paramount valuing Skydance at $4.75 billion based on $15 per Paramount Class B share. The Skydance Investor Group will invest up to $6 billion in offers to Class A and Class B stockholders, and use the additional capital to paydown debt and re-capitalize the balance sheet of New Paramount. NAI and its owners have entered into a definitive agreement to sell NAI to Skydance IG for $2.4 billion on a cash-free, debt-free basis. Cravath is representing the Paramount Special Committee in connection with the agreement.
Deals & Cases
May 28, 2024
UScellular’s $4.4 Billion Sale of Wireless Operations and Select Spectrum Assets to T‑Mobile
On May 28, 2024, United States Cellular Corporation (“UScellular”) announced that it has entered into a definitive agreement to sell its wireless operations and select spectrum assets to T‑Mobile for a purchase price of $4.4 billion, including a combination of cash and up to approximately $2 billion of assumed debt. Under the terms of the agreement, T‑Mobile will acquire UScellular’s wireless operations and approximately 30% of its spectrum assets across several spectrum bands. In addition, T‑Mobile will enter into a new master license agreement with UScellular on more than 2,000 towers. The agreement follows a thorough strategic review process announced in August 2023 and has been unanimously recommended by the independent directors of UScellular and unanimously approved by the Board of Directors of UScellular. Cravath is representing the independent directors of UScellular in connection with the transaction.
Deals & Cases
April 02, 2024
Endeavor’s $25 Billion Take‑Private Acquisition by Silver Lake
On April 2, 2024, Endeavor Group Holdings, Inc. (“Endeavor”), a global sports and entertainment company, announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with the Endeavor management team and additional anchor investors. Cravath is representing the independent Special Committee of Endeavor’s board of directors in connection with the transaction.
Activities
March 20, 2025
Law360 Selects Seven Cravath Partners for 2025 Editorial Advisory Boards
Seven Cravath partners were selected to serve on Law360’s 2025 Editorial Advisory Boards: Wes Earnhardt (Media & Entertainment), Brittany L. Sukiennik (Trials), Douglas Dolan (Capital Markets), Arvind Ravichandran (Tax Authority International), Jeffrey T. Dinwoodie (Banking), Adam M. Sanchez (Private Equity) and Benjamin G. Joseloff (International Trade). As Editorial Advisory Board members, they will provide feedback on Law360’s coverage and expert insight on how best to shape future coverage.
Activities
January 07, 2025
Ben Joseloff Joins Boardroom Governance Podcast to Discuss CFIUS
Cravath partner Benjamin G. Joseloff was featured as a guest on the January 6, 2025 episode of the “Boardroom Governance” podcast, hosted by Evan Epstein. In the interview, Ben spoke about his introduction to the Committee on Foreign Investment in the United States (CFIUS) and how his time as a corporate associate in Cravath’s rotational system prepared him to work on CFIUS matters at the U.S. Treasury Department and the White House. Ben also discussed how CFIUS safeguards U.S. national security by reviewing foreign investments, highlighting significant CFIUS cases, emerging trends in transaction reviews and the implications of upcoming regulations on outbound investments.
Publications
November 20, 2024
Ben Joseloff, George Schoen and G.J. Ligelis Jr. Author U.S. Chapter for the International Comparative Legal Guide’s “Foreign Direct Investment Regimes 2025”
Cravath partners Benjamin G. Joseloff, George F. Schoen and G.J. Ligelis Jr. co‑authored the U.S. chapter for the International Comparative Legal Guide’s “Foreign Direct Investment Regimes 2025,” which was published by Global Legal Group on November 15, 2024. The chapter examines U.S. foreign investment review policy and the law, regulations and procedures of the Committee on Foreign Investment in the United States (CFIUS), including both jurisdictional and substantive considerations, as well as recent developments.
Activities
November 14, 2024
Ben Joseloff Speaks at ACI’s 6th Annual China Trade Controls Conference
On November 14, 2024, Cravath partner Benjamin G. Joseloff participated in the American Conference Institute’s 6th Annual China Trade Controls Conference, which was held from November 13‑14 in Arlington, Virginia. Ben spoke on a panel entitled “Beyond TikTok: The Establishment of the Committee for the Review of Foreign Adversary Controlled Applications,” which reviewed the status of the Committee, how it fits in among the U.S. government’s other tools for combatting commercial hybrid threats and its potential impact across the digital landscape.
Firm News
June 28, 2024
Cravath Announces New Partner, European Counsels and Of Counsels
Cravath has elected the following new partner, who will become a member of the Firm on July 1, 2024:
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