Covington, Wachtell and Weil win top roles on Verizon’s $4.4bn acquisition of AOL

Weil Gotshal & Manges and Covington & Burling have advised Verizon Communications in its $4.4bn acquisition of AOL, with Wachtell Lipton Rosen & Katz advising the target.

Weil Gotshal & Manges’ all-American team worked with Verizon Communications, while Covington & Burling advised the service provider on antitrust clearance issues.

On the other side, Wachtell led the transaction for AOL, with the company expected to become a wholly owned subsidiary of Verizon by the summer. 

In September 2013, Verizon bought Vodafone’s 45 per cent stake in Verizon Wireless for $130bn. Wachtell also picked up a role on that deal, acting for Verizon alongside Macfarlanes.

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