DLA Piper represents EdgeCast Networks in acquisition by Verizon
DLA Piper has represented EdgeCast Networks in its acquisition by Verizon Digital Media Services. The transaction is expected to close in the first quarter of 2014, subject to customary closing conditions.
EdgeCast is a Los Angeles-based content delivery network with more than 6,000 accounts. It serves numerous web brands for global media delivery and acceleration services.
Earlier this year, DLA Piper also advised EdgeCast in securing $54m (£33m) in new financing from lead investor Performance Equity Management and participation from Menlo Ventures and Steamboat Ventures, as well as Silicon Valley Bank.
The DLA Piper team representing EdgeCast was led by corporate partner Randy Socol and included David Clark, Jonathan Spencer, Richard Bull, Neil Balmert and Merrili Escue in San Diego; Patrick Connolly in Los Angeles; James Telfer and Mark Boxer in San Francisco; Paolo Morante in New York; Shane Nix in Palo Alto; and Thomas deButts and Jennifer Kashatus in Washington DC.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
Social media is an ever-increasing area of litigation. Facebook users spend more than 10.5 billion minutes per day on the website, for example.
The OIG Compendium provides a summary of opportunities to ‘achieve cost savings, improve programme management and ensure quality of care and safety of beneficiaries.’
Analysis from The Lawyer
Regulators are ramping up the pressure in the aftermath of recession, leaving firms to compete for compliance and restructuring work
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.