Wilson Sonsini, Simpson Thacher, Skadden, Davis Polk on Elon Musk's takeover of Twitter

The all-cash deal is valued at US$ 44 billion
Elon Musk, Twitter
Elon Musk, Twitter

In one of biggest deals in the tech world, technology billionaire Elon Musk has acquired Twitter. Elon Musk is acquiring the social media giant for $44 billion in cash with shares valued at $54.20.

Wilson Sonsini Goodrich & Rosati and Simpson Thacher & Bartlett are representing Twitter.

The team at Wilson Sonisini is led by Katharine Martin (Chair of Wilson Sonsini's board) along with a team of 30 partners.

The team included:

Corporate Partners

Martin Korman, Douglas K Schnell, Remi Korenblit, Lisa Stimmell, Gordon Grafft, Dennise MartinezCourtney Matteson, Helen Qi, Brandon Mayhew

Corporate Finance Partners :Erik Franks, Michael Occhiolini, Dana Hall, John Mao, Andrew Ralston, Michael Rosati

Delaware Law: Amy Simmerman, Ryan Greecher and Dan Iqbal

Antitrust : Scott Sher

Employee Benefits and Compensation: John Aguirre and Brandon Gantus

IP/Privacy and Cybersecurity: John McGaraghan, Scott McKinney and Matthew Staples

Regulatory: Stephen Heifetz and Joshua Gruenspecht

Tax: Myra Sutanto Shen

Litigation: Nina “Nicki” Locker and Evan Seite

The Simpson Thacher team includes Alan Klein, Anthony Vernace, Katherine Krause and Izaak Lustgarten (M&A); Christopher Brown, Jonathan Lindabury, Benjamin Persina and Danielle Robinson (Credit); Greg Grogan, Patricia Adams and Jeffrey Penn (Executive Compensation and Employee Benefits); Ken Wallach, Sunny Cheong and Jessica Asrat (Capital Markets); Sara Razi and Antonio Bavasso (Antitrust); and Mick Tuesley and Jennifer Ho (Regulatory).

Skadden, Arps, Slate, Meagher & Flom is representing Elon Musk with a team led by corporate partner Michael Ringler along with Skaden partners Sonia Nijjar and Dohyun Kim.

Prior to accepting the private bid by Musk, Twitter's board had reportedly adopted a so called poison pill earlier this month to thwart Elpn Musk’s takeover. Musk had earlier acquired 9% stake in Twitter becoming Twitter's largest shareholder.

Davis Polk & Wardwell is representing a group of financial services companies, including Morgan Stanley, which are providing debt financing for the proposed transaction.

The Davis Polk finance team includes partner James A. Florack, counsel Sanders Witkow and associates Phoebe Jin and Jeffrey Hon.

The equity derivatives team includes partner John M. Brandow, counsel Faisal Baloch and associates Stockton Bullitt and Jonathan Schlecht.

Partner Alan F. Denenberg is providing capital markets advice. Partner Louis Goldberg and associate Sharanjit Kaur Sandhu are providing mergers and acquisitions advice. Members of the Davis Polk team are based in the New York and Northern California offices.

The transaction is intended to close in 2022 and is subject to satisfaction of customary closing conditions, including regulatory approvals and Twitter stockholder approval.

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