PALO ALTO — Santa Clara-based Intel Corp. retained lawyers from Gibson Dunn, Perkins Coie and Morrison & Foerster for advice on the sales of its TV unit, valued at an estimated $200 million, to Verizon Communications. Verizon GC Randal Milch relied on in-house counsel for the transaction.
Verizon announced Tuesday that it had agreed to purchase the intellectual property rights as well as bring on board most of the unit’s 350 employees. The deal is expected to close in the first quarter, subject to regulatory approval.
