The Walt Disney Co. unveiled Thursday a deal to acquire most of Twenty-First Century Fox Inc.’s assets in an all-stock transaction valued at around $52.4 billion. The mega-deal, which combines two of the world’s largest entertainment companies, has generated work for a dozen Am Law 100 and Global 100 firms.
Skadden, Arps, Slate, Meagher & Flom; Hogan Lovells; Simpson Thacher & Bartlett; Cleary Gottlieb Steen & Hamilton; and Allen & Overy have all grabbed roles advising 21st Century Fox in the deal. Walt Disney, whose longtime general counsel Alan Braverman is one of the country’s highest-paid in-house lawyers, has turned to an outside legal team led by Cravath, Swaine & Moore; Macfarlanes; Covington & Burling; and Cleary Gottlieb, the latter of which is advising both companies on the landmark transaction.
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