Amazon’s $8.45 Billion Acquisition of MGM

Cleary Gottlieb represented Anchorage Capital Group in the transaction, while Cravath, Swaine & Moore LLP represented Amazon. Paul, Weiss represented MGM in the transaction.

Anchorage Capital Group, a principal stockholder of MGM Studios (“MGM”), entered into a definitive merger agreement under which Amazon (NASDAQ: AMZN) will acquire MGM for a purchase price of $8.45 billion.

MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. Amazon will help preserve MGM’s heritage and catalog of films, and provide customers with greater access to these existing works. Through this acquisition, Amazon would empower MGM to continue to do what they do best: great storytelling.

The Cleary Gottlieb team advising Anchorage Capital Group included New York based partner Paul Shim (Picture).

Cravath represented Amazon with a team led by partners Erik R. Tavzel and Andrew C. Elken and included associates Sung Woong (Andrew) Kang, Andrew J. Astore and Christina M. Drakeford on M&A matters; partner Eric W. Hilfers and associates Christopher C. Gonnella and Brendon J. Rivard on executive compensation and benefits matters; partner J. Leonard Teti II and associate Richard Bohm on tax matters; partner David J. Kappos, practice area attorney Anthony N. Magistrale and associate Carys J. Webb on intellectual property matters; and practice area attorney Brian M. Budnick on real estate matters. Jason O. Rooindej also worked on M&A matters.

Paul, Weiss represented MGM with a team including corporate partners Jeffrey Marell, Brian Lavin, Cullen Sinclair, David Huntington and Caith Kushner, and counsel Jason Tyler; executive compensation partners Jarrett Hoffman and Lawrence Witdorchic, and counsel Meghan Fox; litigation partners Aidan Synnott and Jay Cohen; intellectual property partner Charles Googe; tax partner Brian Krause; real estate partner Peter Fisch; antitrust counsel Yuni Sobel and Marta Kelly; and environmental counsel William O’Brien.

Involved fees earner: Paul Shim – Cleary Gottlieb Steen & Hamilton; Andrew Astore – Cravath Swaine & Moore; Richard Bohm – Cravath Swaine & Moore; Brian Budnick – Cravath Swaine & Moore; Christina Drakeford – Cravath Swaine & Moore; Andrew C. Elken – Cravath Swaine & Moore; Christopher Gonnella – Cravath Swaine & Moore; Eric Hilfers – Cravath Swaine & Moore; Sung Woong Kang – Cravath Swaine & Moore; David Kappos – Cravath Swaine & Moore; Anthony N. Magistrale – Cravath Swaine & Moore; Brendon Rivard – Cravath Swaine & Moore; Jason Rooindej – Cravath Swaine & Moore; Erik Tavzel – Cravath Swaine & Moore; J. Leonard Teti II – Cravath Swaine & Moore; Carys Webb – Cravath Swaine & Moore; Jay Cohen – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Meghan Fox – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Jarrett Hoffman – Paul Weiss Rifkind Wharton & Garrison; David Huntington – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Caith Kushner – Paul Weiss Rifkind Wharton & Garrison; Brian Lavin – Paul Weiss Rifkind Wharton & Garrison; Jeffrey Marell – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Cullen Sinclair – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; Aidan Synnott – Paul Weiss Rifkind Wharton & Garrison; Jason Tyler – Paul Weiss Rifkind Wharton & Garrison; Lawrence Witdorchic – Paul Weiss Rifkind Wharton & Garrison; Brian Krause – Skadden Arps Slate Meager & Flom;

Law Firms: Cleary Gottlieb Steen & Hamilton; Cravath Swaine & Moore; Paul Weiss Rifkind Wharton & Garrison; Skadden Arps Slate Meager & Flom;

Clients: Amazon.com, Inc.; Anchorage Capital Partners; Metro-Goldwyn-Mayer;

Author: Martina Bellini