Weil advises on 2.91bn electronics deal
Weil, Gotshal & Manges is advising Chinese electronics company Lenovo Group on its $2.91 billion purchase of Google Inc’s Motorola handset division.
The deal - China’s largest ever tech deal - sees Lenovo pay $660 million in cash, $750 million in Lenovo ordinary shares, and another $1.5 billion in the form of a three-year promissory note.
The Weil Gotshal team is led by Hong Kong partner Henry Ong and Silicon Valley partners Keith Flaum and Richard Climan. The team also includes New York technology and IP partner Jeffrey Osterman, and from Silicon Valley IP partner John Brockland, along with New York tax partner Helyn Goldstein, Silicon Valley finance partner Gabriel Gregson, New York employment partner Paul Wessel and Washington DC antitrust partner John Scribner.
Google is advised by Cleary Gottlieb Steen & Hamilton.