Legal DealFolio - AOL acquisition of TheHuffingtonPost

The Firm represented AOL Inc. in connection with its entry into a definitive agreement to acquire TheHuffingtonPost.com, Inc., the influential and rapidly growing news, analysis, and lifestyle website founded in 2005. AOL has agreed to purchase TheHuffingtonPost for $315 million, approximately $300 million of which will be paid in cash funded from cash on hand with the remainder represented by assumed stock options. The Huffington Post is privately owned by its two cofounders, as well as a group of investors. The proposed transaction is subject to customary closing conditions, including receipt of government approvals. The boards of directors of each company and shareholders of TheHuffingtonPost have approved the transaction. The transaction is expected to close in the late first- or early second-quarter 2011. The team of Simpson Thacher attorneys that worked on this transaction include: Peter Malloy, Andy Hecht, Scott Mollett, Jeff Schmidt and Rachel Muchmore (M&A), Katharine Moir, Dan Foster and Danny Salinas (Tax), Lori Lesser and Marcela Robledo (IP), Tristan Brown, Linda Barrett and Grace Lin (Executive Compensation and Employee Benefits), Alexis Coll-Very, Arman Oruc and Michael Naughton (Litigation and Regulatory). The attorneys were assisted by Jacqueline Altieri, Robin Assa, Yvonne Colebank, Katherine Elkin, Manuel Fermin, Elizabeth Galligan, Matt Glasser, Angie Harms, Flavia Hennessey, Savannah Knell, Christine Lawton, Alexandra Leavy, Laura Maio-Zimroth, Alexandra McNicholas, Eric Olson, Courtney Schrenko and Jamie Thai.

Deal Date:	07-02-2011	Practice Area:	Corporate and M&A
Deal Title:	AOL acquisition of TheHuffingtonPost	Industry:	Media
Description:	The Firm represented AOL Inc. in connection with its entry into a definitive agreement to acquire TheHuffingtonPost.com, Inc., the influential and rapidly growing news, analysis, and lifestyle website founded in 2005. AOL has agreed to purchase TheHuffingtonPost for $315 million, approximately $300 million of which will be paid in cash funded from cash on hand with the remainder represented by assumed stock options. The Huffington Post is privately owned by its two cofounders, as well as a group of investors. The proposed transaction is subject to customary closing conditions, including receipt of government approvals. The boards of directors of each company and shareholders of TheHuffingtonPost have approved the transaction. The transaction is expected to close in the late first- or early second-quarter 2011. The team of Simpson Thacher attorneys that worked on this transaction include: Peter Malloy, Andy Hecht, Scott Mollett, Jeff Schmidt and Rachel Muchmore (M&A), Katharine Moir, Dan Foster and Danny Salinas (Tax), Lori Lesser and Marcela Robledo (IP), Tristan Brown, Linda Barrett and Grace Lin (Executive Compensation and Employee Benefits), Alexis Coll-Very, Arman Oruc and Michael Naughton (Litigation and Regulatory). The attorneys were assisted by Jacqueline Altieri, Robin Assa, Yvonne Colebank, Katherine Elkin, Manuel Fermin, Elizabeth Galligan, Matt Glasser, Angie Harms, Flavia Hennessey, Savannah Knell, Christine Lawton, Alexandra Leavy, Laura Maio-Zimroth, Alexandra McNicholas, Eric Olson, Courtney Schrenko and Jamie Thai.
Financial Center:	Silicon Valley	Value:	100.01-500.00
Advised Party:	Acquiror	Law Firm	Simpson Thacher
Target Company Jurisdiction:	United States	Acquiror Jurisdiction:	United States
Classification:	Strategic Buyer Acquisitions Private Company	Lawyer	Peter S Malloy

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers