Nine Am Law 100 law firms, including Atlanta’s Kilpatrick Stockton, Alston & Bird and Troutman Sanders, were among the firms involved in the sale of The Weather Channel to a partnership between NBC Universal and two private equity funds.
Landmark Communications Inc. of Norfolk, Va., said in January that its Atlanta-based cable-television network was for sale. After some early suitors, including Time Warner and CBS Corp., dropped out of the bidding, NBC Universal won the auction last weekend. NBC Universal teamed up with Bain Capital and The Blackstone Group to acquire the Weather Channel for a reported $3.5 billion. The deal is subject to regulatory approvals.
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