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Paul Hastings, Slaughter and May and Wilson Sonsini Goodrich & Rosati have secured roles for longstanding clients on Samsung Electronics’ $310m (£198m) acquisition of UK chipmaker CSR’s mobile technology development business.
Paul Hastings Hong Kong corporate partner Daniel Kim, Palo Alto corporate partner Matthew Berger and London corporate partner Garrett Hayes advised Samsung on the transaction, which will strengthen the South Korean company’s smartphone platform and patent portfolio.
Slaughters represented London-listed CSR, with the team led by corporate partner William Underhill alongside IT and outsourcing head Rob Sumroy.
Silicon Valley firm Wilson Sonsini also advised the UK company, fielding Palo Alto technology transactions specialist Selwyn Goldberg as the lead partner. Corporate partners David Segre and Steven Bernard, real estate and environmental partner Susan Reinstra and employee benefits and compensation partner David Thomas were also part of the US firm’s team, with all of them based in Palo Alto.
The same teams from both firms previously advised CSR on its merger with US company Zoran Corporation last year.
Samsung is a long-term client of Paul Hastings, with Kim acting as the relationship partner. The company has been engaged by the client for a number of other transactions in Europe in the past year, including advising Samsung on the sale of its hard-disk drive operations to Seagate Technology late last year and its acquisition of Sweden’s Nanoradio earlier this year.
The firm has applied for a licence to open an office Seoul (6 March 2012) and plans to relocate most, if not all, of the ten-lawyer Korea team from Hong Kong to Seoul as soon as it is permitted to.