Weil and Taylor Wessing deliver eBay's Shutl deal
Taylor Wessing and Weil Gotshal & Manges have won the mandates on eBay's takeover of delivery start-up Shutl. The London-based online courier company will form part of eBay's bid to extend its 'eBay now' one-hour local delivery service, which launched in San Francisco and New York last year. The internet giant is planning to roll the service out to 25 US cities by the end of this year, with London following in 2014. Weil advised eBay with teams based in its London and Silicon Valley offices. The City team included corporate partner Jonathan Wood and intellectual property (IP) partner Barry Fishley, while the California office fielded M&A partner Jane Ross and technology and IP partner John Brockland.
November 13, 2013 at 07:03 PM
2 minute read
Taylor Wessing and Weil Gotshal & Manges have won the mandates on eBay's takeover of delivery start-up Shutl.
The London-based online courier company will form part of eBay's bid to extend its 'eBay now' one-hour local delivery service, which launched in San Francisco and New York last year. The internet giant is planning to roll the service out to 25 US cities by the end of this year, with London following in 2014.
Weil advised eBay with teams based in its London and Silicon Valley offices. The City team included corporate partner Jonathan Wood and intellectual property (IP) partner Barry Fishley, while the California office fielded M&A partner Jane Ross and technology and IP partner John Brockland.
Lawyers in the City team also advised on tax, employment and real estate.
Taylor Wessing acted for the group of selling shareholders with a team led by corporate partner Simon Walker, who was supported by technology partner Graham Hann and tax partner Rob Young.
Ashfords Solicitors corporate partner Chris Dyson represented Notion, one of Shutl's shareholders.
Walker said: "eBay's acquisition of Shutl is a great example of how a technology company can see an opportunity and develop its offering, to the extent that a company the size of eBay will buy it.
"Shutl has been operating for less than five years. But if you are in the right space, there are opportunities open to technology entrepreneurs who have a proven and relevant product."
Shutl's clients include Argos, clothing retailer Oasis and footwear company Schuh.
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