Deal Watch: AT&T and Discovery Announce $43B Deal, A-Rod Buys T-Wolves, and Lots of IPOs
The year's largest deal so far was announced this week, and the record-setting number of IPOs keeps getting bigger.
May 17, 2021 at 05:51 PM
14 minute read
Deals and TransactionsThe original version of this story was published on The American Lawyer
The deal had been on the radar for a few days, but Monday was the day that AT&T announced a merger with Discovery Inc. for $43 billion, the largest deal of 2021 and the third-largest of the 2020s.
The deal would merge all of AT&T's WarnerMedia assets, including properties such as CNN, HBO and Warner Bros, with reality-TV-heavy Discovery, which owns such channels as Food Network and Animal Planet.
Sullivan & Cromwell; Debevoise & Plimpton; Wachtell, Lipton, Rosen & Katz; and Fried, Frank, Harris, Shriver & Jacobson all had a role in the mega-deal.
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3 minute readLaw Firms Mentioned
- Davis Polk & Wardwell
- Ropes & Gray
- Amarchand & Mangaldas & Suresh A Shroff & Co
- Skadden, Arps, Slate, Meagher & Flom LLP
- Sidley Austin
- Goodwin Procter
- Willkie Farr & Gallagher
- Wachtell, Lipton, Rosen & Katz
- Latham & Watkins
- Debevoise & Plimpton
- Freshfields Bruckhaus Deringer
- Weil, Gotshal & Manges
- Osler Hoskins
- Norton Rose Fulbright
- Kirkland & Ellis
- McDermott Will & Emery
- Baker McKenzie
- Clifford Chance
- Eversheds Sutherland
- Greenberg Traurig
- Towers Watson
- Orrick, Herrington & Sutcliffe
- Winston & Strawn LLP
- A&L Goodbody
- Manatt, Phelps & Phillips
- White & Case
- Paul Hastings
- Shearman & Sterling LLP
- Fried, Frank, Harris, Shriver & Jacobson
- Vinson & Elkins
- Sullivan & Cromwell LLP
- Wilson Sonsini Goodrich & Rosati
- Simpson Thacher & Bartlett
- Dechert
- Paul, Weiss, Rifkind, Warton & Garrison
- Ellenoff Grossman And Schole Llp
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