Dotdash’s Acquisition of Meredith Corporation’s National Media Group

Wachtell, Lipton, Rosen & Katz represented IAC, while Cooley represented Meredith in the transaction.

IAC (NASDAQ: IAC) and Meredith Corporation (NYSE: MDP), a leading media company and owner of world-class brands such as PEOPLE, Better Homes & Gardens, Allrecipes, Southern Living, InStyle and REAL SIMPLE, entered into an agreement pursuant to which IAC’s Dotdash digital publishing unit will acquire the entity that will hold Meredith Corporation’s National Media Group, which is comprised of its Digital and Magazine businesses, and its corporate operations (“Meredith”), in an all cash transaction at a purchase price of $42.18 per share. The transaction is expected to close by the end of the year.

J.P. Morgan Securities LLC acted as financial advisor to IAC. Moelis & Company LLC acted as financial advisor to Meredith.

Wachtell Lipton’s team was led by Partners Andrew J. Nussbaum (Picture), Jenna E. Levine and Counsel Nancy B. Greenbaum and included Nathaniel R. Ludewig, Associate, I. Andrew Mun, Associate, Ram Sachs, Associate (Corporate), Christina C. Ma, Partner, Joseph D. Larson, Of Counsel, Lori S. Sherman, Associate (Antitrust), Adam J. Shapiro, Partner, Brian Diliberto, Associate (Executive Compensation and Benefits), Emily D. Johnson, Partner, Daniel J. Wertman, Associate, Benjamin J. Nickerson, Associate (Finance), Jonathan M. Moses, Partner, Noah B. Yavitz, Associate (Litigation), T. Eiko Stange, Partner, and Alexandra M. Ferrara, Associate (Tax).

The Cooley team was led by Kevin Mills and Aaron Binstock. Additional assistance was provided by Michael Basile, Michael Tollini, Helenanne Connolly, Howard Morse, Dave Walsh, Darren DeStefano, Tiana Demas, Patrick Flanagan, Sarah Lightdale, Stephanie Gentile, Barbara Borden, Dee Bansal, Nyron Persaud, Eileen Marshall, Alexander Lee, Mark Windfeld-Hansen, Lesse Castleberry, Kristin Leavy, Stacey Bradford, Miriam Petrillo, Claudia Torres, Jacquelyn Burke, Parker Erkmann, Stella Sarma, Wesley Dietrich, Rick Jantz, Mary Maher Lewis, Kristopher Jiles, David Safren, Carly Mitchell, Addison Pierce, Nicollette Moser, Reza Safai, Rubin Waranch, Darah Protas, Rowook Park, Claire Blakey,  Kelsie Leigh Harris, Anthony Hajj, Henry Wendel, Henry Wendel and Sarah Swain.

Involved fees earner: Dee Bansal – Cooley LLP; Michael Basile – Cooley LLP; Aaron Binstock – Cooley LLP; Claire Blakey – Cooley LLP; Barbara Borden – Cooley LLP; Stacey Bradford – Cooley LLP; Jacquelyn Burke – Cooley LLP; Lesse Castleberry – Cooley LLP; Helenanne Connolly – Cooley LLP; Tiana Demas – Cooley LLP; Darren DeStefano – Cooley LLP; Wesley Dietrich – Cooley LLP; Parker Erkmann – Cooley LLP; Patrick Flanagan – Cooley LLP; Stephanie Gentile – Cooley LLP; Anthony Hajj – Cooley LLP; Rick Jantz – Cooley LLP; Kristopher Jiles – Cooley LLP; Kristin Leavy – Cooley LLP; Alexander Lee – Cooley LLP; Kelsie Leigh Harris – Cooley LLP; Sarah Lightdale – Cooley LLP; Mary Maher Lewis – Cooley LLP; Eileen Marshall – Cooley LLP; Kevin Milgram – Cooley LLP; Carly Mitchell – Cooley LLP; Howard Morse – Cooley LLP; Nicollette Moser – Cooley LLP; Rowook Park – Cooley LLP; Nyron Persaud – Cooley LLP; Miriam Petrillo – Cooley LLP; Addison Pierce – Cooley LLP; Darah Protas – Cooley LLP; Reza Safai – Cooley LLP; David Safren – Cooley LLP; Stella Sarma – Cooley LLP; Sarah Swain – Cooley LLP; Michael Tollini – Cooley LLP; Claudia Torres – Cooley LLP; Asheley Walker – Cooley LLP; David Walsh – Cooley LLP; Rubin Waranch – Cooley LLP; Henry Wendel – Cooley LLP; Mark Windfeld-Hansen – Cooley LLP; Brian Diliberto – Wachtell, Lipton, Rosen & Katz; Alexandra Ferrara – Wachtell, Lipton, Rosen & Katz; Nancy Greenbaum – Wachtell, Lipton, Rosen & Katz; Emily Johnson – Wachtell, Lipton, Rosen & Katz; Joseph Larson – Wachtell, Lipton, Rosen & Katz; Jenna Levine – Wachtell, Lipton, Rosen & Katz; Nathaniel Ludewig – Wachtell, Lipton, Rosen & Katz; Christina Ma – Wachtell, Lipton, Rosen & Katz; Jonathan Moses – Wachtell, Lipton, Rosen & Katz; I. Andrew Mun – Wachtell, Lipton, Rosen & Katz; Benjamin Nickerson – Wachtell, Lipton, Rosen & Katz; Andrew Nussbaum – Wachtell, Lipton, Rosen & Katz; Ram Sachs – Wachtell, Lipton, Rosen & Katz; Adam Shapiro – Wachtell, Lipton, Rosen & Katz; Lori Sherman – Wachtell, Lipton, Rosen & Katz; Eiko Stange – Wachtell, Lipton, Rosen & Katz; Daniel Wertman – Wachtell, Lipton, Rosen & Katz; Noah Yavitz – Wachtell, Lipton, Rosen & Katz;

Law Firms: Cooley LLP; Wachtell, Lipton, Rosen & Katz;

Clients: InterActiveCorp (IAC); Meredith Corporation;