A Weil team is representing Lenovo in its definitive agreement with Google to acquire the Motorola Mobility smartphone business. With a leading PC business and a fast-growing smartphone business, this agreement will significantly strengthen Lenovo’s position in the smartphone market. In addition, Lenovo will gain a robust market presence in North America and Latin America, as well as a foothold in Western Europe, to complement its strong, fast-growing smartphone business in emerging markets around the world.
The purchase price is approximately $2.91 billion.
The Weil deal team representing Lenovo was drawn from across the Firm’s practices and offices, and included: M&A partners Keith Flaum, Richard E. Climan (both from Silicon Valley) and Henry Ong (Hong Kong), and associates Alex Purtill (Silicon Valley), William Fong and Dianna Lee (both from Hong Kong); Technology & IP Transactions partners Jeffrey Osterman (New York) and John Brockland (Silicon Valley), counsel Arlene Hahn (New York), and associates Caroline P. Geiger, Dennis F. Adams III, Adrienne D. Baker, Jeremy Hutcher, Nick A. Sinclair, Cassie Waduge, Janell M. Wise (all from New York), and Alexa Chu Clinton (Silicon Valley); Tax partner Helyn S. Goldstein (New York) and associate Mark Dundon (Dallas); Benefits partner Paul J. Wessel, counsel Steven M. Margolis and associate Jennifer Britz (all New York); Banking & Finance partner Gabriel Gregson (Silicon Valley); Antitrust/Competition partner John Scribner (Washington, DC); Complex Commercial Litigation partner Yehudah Buchweitz (New York); and International Arbitration partner Jamie Maples (London).
