Walt Disney Company’s $3.47 Billion Sale Of Its Interest In YES Network

Cravath represented Disney in connection with the transaction.

The Walt Disney Company (“Disney”) has sold its equity interest in the YES Network to a newly formed investor group that includes Yankee Global Enterprises (the “Yankees”) and Sinclair Broadcast Group (“Sinclair”), among others. The group acquired the 80 percent of the YES Network not already held by the Yankees at a total enterprise value of $3.47 billion.

The Cravath team was led by partners Allison M. Wein (Picture), Faiza J. Saeed and George F. Schoen and included associates Matthew M. Kelly, Justin B. Stein, DongHwa Kim, Michael Zhang and Mose Hogan III on M&A matters; partners Stephen L. Gordon and Lauren Angelilli, senior attorney Andrew Carlon and associate Rebecca L. Fine on tax matters; partner Jonathan J. Katz, senior attorney Nicole F. Foster and associates Daniel P. Herrmann and Jana I. Hymowitz on executive compensation and benefits matters; partners Michael S. Goldman and Nicholas A. Dorsey and associate Richard E. Schwartz on financing matters; partner David J. Kappos and associate Kathryn-Ann Stamm on intellectual property matters; partner Matthew Morreale on environmental matters; and senior attorney Joyce Law and practice area attorney Laurel R. Berkowitz on real estate matters. Ryan J. Wichtowski also worked on intellectual property matters.

Involved fees earner: Lauren Angelilli – Cravath Swaine & Moore; Laurel Berkowitz – Cravath Swaine & Moore; Andrew Carlon – Cravath Swaine & Moore; Nicholas Dorsey – Cravath Swaine & Moore; Rebecca Fine – Cravath Swaine & Moore; Nicole Foster – Cravath Swaine & Moore; Michael Goldman – Cravath Swaine & Moore; Stephen Gordon – Cravath Swaine & Moore; Daniel Herrmann – Cravath Swaine & Moore; Mose Hogan III – Cravath Swaine & Moore; Jana Hymowitz – Cravath Swaine & Moore; David Kappos – Cravath Swaine & Moore; Jonathan J. Katz – Cravath Swaine & Moore; DongHwa Kim – Cravath Swaine & Moore; Joyce Law – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Faiza Saeed – Cravath Swaine & Moore; George Schoen – Cravath Swaine & Moore; Richard Schwartz – Cravath Swaine & Moore; Kathryn-Ann Stamm – Cravath Swaine & Moore; Justin Stein – Cravath Swaine & Moore; Allison Wein – Cravath Swaine & Moore; Ryan Wichtowski – Cravath Swaine & Moore; Michael Zhang – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: The Walt Disney Company;

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Author: Ambrogio Visconti