Kenton King, Skadden, Arps, Slate, Meagher & Flom partner (Jason Doiy / The Recorder)
PALO ALTO — Teams from Skadden and Wilson Sonsini advised on SanDisk Corp.’s $1.1 billion acquisition of Fusion-io Inc., a maker of flash storage products for small businesses and data centers.
Milpitas-based SanDisk announced Monday that it would acquire Fusion-io for $11.25 per share. Fusion-io, based in Salt Lake City, was founded in 2006 and went public in 2011. Apple Inc. cofounder Steve Wozniak joined the company in 2009 as its chief scientist.
“Fusion-io will accelerate our efforts to enable the flash-transformed data center, helping companies better manage increasingly heavy data workloads at a lower total cost of ownership,” Sanjay Mehrotra, SanDisk president and CEO, said in a statement.
SanDisk turned to regular outside counsel at Skadden, Arps, Slate, Meagher & Flom. The firm began serving as outside counsel for SanDisk in 2008 and advises the company on mergers and acquisitions, corporate governance and IP litigation. Former SanDisk GC James Brelsford joined Skadden as of counsel in February 2013.
Fusion-io’s relationship with Wilson Sonsini Goodrich & Rosati also predates the deal. A team led by Larry Sonsini represented Fusion-io in its initial public offering and Wilson Sonsini attorneys are also defending the company against a wave of securities suits filed last year in the Northern District of California.
The Skadden team advising SanDisk on the deal included corporate partners Amr Razzak and Kenton King and associates Sonia Nijjar, Marat Massen and Christopher Yap in Palo Alto; labor and employment partner Karen Corman in Los Angeles and associate Christy Peetz in Palo Alto; executive compensation and benefits partner Joseph Yaffe, counsel Kristin Davis and associate Laura McIntyre in Palo Alto; tax partner Eric Sensenbrenner in Washington, D.C., and associate Nathan Giesselman in Palo Alto; intellectual property partners David Hansen in Palo Alto and Stuart Levi in New York, counsel Carrie LeRoy in Palo Alto and Andrew Woodard in New York and associates Ken Kumayama and Greg Norman in Palo Alto; antitrust and competition partners Sharis Pozen and Steven Sunshine in Washington, D.C., and Ingrid Vandenborre in Brussels and associate Joanna Warren in Palo Alto.
The Wilson Sonsini team advising Fusion-io included corporate partners Sonsini and Robert Day in Palo Alto, Michael Ringler in San Francisco and Brian Keyes in Seattle, and associates Ben Dickson and Adam Copley in Seattle; technology transactions partner Parag Gheewala and associate Adam Shevell in Seattle; employee benefits and compensation partner Scott McCall in Palo Alto and associate Brandon Gantus in San Francisco; tax partner Eileen Marshall in Washington, D.C., and of counsel Andrew Bryant in Seattle; and antitrust partner Paul Jin in Washington, D.C.
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