Swedish electronics manufacturer Ericsson, Inc. has agreed to sell to Sony Corp. its half of the ten-year-old Sony Ericsson Mobile Communications joint venture for $1.5 billion in cash. Tokyo-based Sony will turn the mobile phone maker into a wholly owned subsidiary. The acquisition, which is subject to regulatory approvals, is expected to close in January 2012. Cleary Gottlieb Steen & Hamilton corporate partner Christopher Austin is representing Sony. Slaughter and May is acting for Ericsson on the deal with a team led by London partner Jeff Twentyman. [Read full story]
Australia
Allens Arthur Robinson and Mallesons Stephen Jaques are advising on a $1.2 billion loan package to further expand facilities at Perth Airport. The financing for Perth Airports Development Group, provided by a syndicate of nine banks, will include a $937 million revolving term loan of up to seven years, a $15 million working capital facility and a $307 million banking facility that will be used to backstop a future capital markets securities issue. Allens Arthur partner Richard Gordon is advising the lenders; Perth Airports has turned to Mallesons for counsel.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
