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A pair of New York-based firms landed a quintessentially Silicon Valley deal as Davis Polk & Wardwell and Skadden, Arps, Slate Meagher & Flom pitched in on Yahoo Inc.’s purchase of Inktomi Corp. Yahoo will spend $1.65 per Inktomi share to pick up the Web search technology maker. The total value of the deal is about $235 million. Lawyers in Davis Polk’s Menlo Park office represented Yahoo. Attorneys in the Palo Alto office of Skadden represented Inktomi in the transaction. The deal met with a positive market reaction. Both Inktomi’s and Yahoo’s stock prices rose upon the news Monday. The deal resulted in attorneys at both firms scrambling to complete it before the holidays. “A lot of people made sacrifices to get this done. I forced several people to postpone vacation plans,” said Marc Packer, the lead attorney on the deal at Skadden. But the two sides completed the deal in the wee hours of Monday morning. “I expect people to take a few days off for sleep and to enjoy the holidays and then come back to work. That’s what they pay us the big bucks for,” Packer said. William Kelly, the lead partner at Davis Polk, said the attorneys felt some relief after the deal’s completion. “Once it was signed, some of the pressure was off. Some people’s Christmases were preserved.” The deal is still subject to the approval of Inktomi’s stockholders and regulatory approval. At Davis Polk, in addition to Kelly, corporate partner David Ferguson co-led the deal. Corporate associates Scott Yut, D. Barnaby Gibson, Afra Afsharipour, Cynthia Akard; executive compensation and benefits partner Jean McLoughlin; and intellectual property partner Steven Weiner, worked out of Menlo Park. In addition to Packer in Skadden’s Palo Alto office, corporate of counsel Keith Belknap Jr.; associates William Torrey, Alex Rao and Kambiz Izadi; and intellectual property associates Joseph Yang, Robert Beyers, Debra Kruse and Gene Su worked on the deal. Tax partner Kenneth Betts; associates Michael Beinus and David McFarlane; and employee benefits partner Michael Lawson worked out of Los Angeles. Antitrust partner Michael Weiner worked out of New York. SNB/ALGIERS BANCORP Attorneys in the San Francisco office of Bingham McCutchen represented Louisiana-based SNB Inc. through its acquisition and merger with Algiers Bancorp Inc., a savings and loan in New Orleans. The exchange price for all of the shares of Algiers’ common stock will be $7.9 million. SNB, an affiliate of SN Servicing Corp., is a real estate and financial services company based in Baton Rouge. This transaction allows it to expand into the New Orleans market. “This has rounded out SNB’s financial services, providing them with a full-service banking footprint,” said James Rockett, the lead partner for Bingham McCutchen. Lawyers in the New Orleans office of McGlinchey Stafford represented Algiers Bancorp in the deal. In addition to Rockett, partners Thomas Reddy and Roger Ehlers, of counsel Keith Ungles and Ronald Cooke, and associate Francis Sarena worked on the deal for Bingham McCutchen.

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