Winston & Strawn LLP has announced William (“Bill”) X. Lang has joined the firm’s New York office as a partner in the real estate practice. Mr. Lang, formerly a partner at Nixon Peabody, focuses his practice on commercial real estate transactions and financing matters. His arrival adds depth to Winston & Strawn’s real estate practice, which represents major domestic and international corporations, financial institutions, real estate funds, and other high-level market participants in connection with a wide range of investment, development, acquisition, and financing activities.

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The Firm is representing Yahoo! Inc. (NASDAQ: YHOO) in connection with its announced acquisition of Tumblr for a total consideration of $1.1 billion. According to the purchase agreement, Tumblr will be independently operated as a separate business. The transaction is expected to close in the second half of the year and is subject to customary closing conditions.

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Simpson Thacher recently represented Algeco Scotsman, a portfolio company of TDR Capital, in connection with the incurrence of $400 million in aggregate principal amount of PIK loans maturing in May 2018. The loans will bear interest at a rate equal to 15.75% per annum if paid as PIK or 15.00% per annum if paid in cash. The proceeds of the PIK loans will fund a partial redemption of capital, net of transaction fees and expenses, by shareholders.

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McKenna Long & Aldridge LLP (MLA) is pleased to announce that Jonathan A. Ballan has joined the firm as partner in the New York office. Ballan will head the New York Public Finance Group and will co-chair the firm’s Global Infrastructure and Public-Private Partnerships practice.

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