Latham takes lead on Oracle's $7.4bn Sun buyout
Latham & Watkins has taken a lead role on Oracle's $5.6bn (£3.8bn) acquisition of Sun Microsystems, reports the Am Law Daily. The definitive agreement was reached two weeks ago after talks between IBM and Sun ended in a disagreement over price and Oracle stepped in to pay $9.50 (£6.50) a share, a slight increase on the $9.40 (£6.45) offered by IBM. The Latham team acting for Oracle was led by San Francisco corporate chair John Newell, alongside partners Daniel Wall, Karen Silverman, Joseph Yaffe and Laurence Stein. Oracle was also advised by Silicon Valley boutique GTC Law Group.
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