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
The interpretation of the scope of application of the investor’s right to withdraw from any contracts for the placement of door-to-door financial products has again captured the attention of all players.
Tax Newsletter — July/August 2014: SAT strengthens reporting request under China CFC rules; and more
DLA Piper has released the July/August edition of its Tax Newsletter, which provides a review of PRC and Hong Kong tax developments.
Analysis from The Lawyer
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.
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions