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Sullivan & Cromwell Nabs Skype IPO Work
Sullivan & Cromwell will advise Skype on its long-anticipated initial public offering, through which the voice and video Web communications company expects to issue U.S. shares worth about $100 million, according to several sources. That S&C nabbed the assignment is not a surprise. The firm, led by London-based partner Richard Morrissey, advised the consortium of investors that acquired a controlling stake in Skype from the online auction site eBay for about $2 billion in September of last year.
Microsoft to Add Skype in $8.5 Billion Deal
Looking to expand its online communications offerings, Microsoft said that it will pay $8.5 billion for Skype Global, the internet voice and video chat service. The all cash deal -- Microsoft's largest acquisition ever -- would give the software giant a leading communications brand to partner with its other products such as Outlook, Lync, and Xbox Live.Bartz's Yahoo Efforts Squeezed by Google, Facebook
Carol Bartz arrived at Yahoo! Inc. in January 2009 with a reputation for tough talk and turnarounds, having revived design software maker Autodesk Inc. The two California companies are 65 miles apart and worlds apart culturally -- a gap she has been unable to bridge.Trending Stories
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- 3Insights on M&A Trends: Midyear 2024 Expert Roundtable
- 4It's Not Just the Spread. Big Law Is Making More 'Business-Driven' Pay Choices
- 5AI/IP Issues Part 2: What Current Litigation Can Tell Us About Where IP in AI Is Heading
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