Cleary Gottlieb Counsel in Top Tech Deals of 2009
January 11, 2010
Cleary Gottlieb played important roles in five top technology deals in 2009.
The firm was counsel in two of TIME magazine’s “Top 10 Best Business Deals” in its annual “Top 10 Everything” lists for 2009. The distinguished deals – Hewlett-Packard’s acquisition of Electronic Data Systems Corporation and Google’s acquisition of AdMob – were the only two technology deals on the list. HP’s acquisition of EDS, which closed in 2008, was selected because of the positive impact it had on HP’s business during 2009. Cleary Gottlieb represented the acquirors in both transactions.
TIME’s “Top Ten Everything List for 2009” charts the highs and lows of the past year in 50 wide-ranging lists covering news, politics and science; arts and entertainment; business, technology and sports; and pop culture.
Separately, Cleary Gottlieb was also counsel in three of the 10 largest technology mergers and acquisitions announced in 2009, according to Thomson data and based on publicly disclosed transaction values. The transactions are HP’s $2.7 billion acquisition of 3Com (advising HP), EMC’s $2.1 billion acquisition of Data Domain (providing antitrust advice to EMC), and Ericsson’s $1.13 billion acquisition of Nortel’s wireless infrastructure assets (advising Nortel on the sale through a bankruptcy auction).