Davis Polk is advising NBCUniversal on its acquisition of The Blackstone Group’s 50% interest in Universal Orlando. The purchase price for Blackstone’s interest is $1.025 billion, subject to various purchase price adjustments. Following the closing, NBCUniversal and its affiliates will own 100% of Universal Studios Florida, Universal’s Islands of Adventure and Universal CityWalk, which are located at Universal Orlando. The transaction is expected to close on July 1, 2011.

On June 3, Willkie client Fiat S.p.A. and the United States Department of Treasury announced that the Treasury will sell its remaining 6 percent interest in Chrysler Group LLP to a Fiat subsidiary for $500 million. Fiat will also pay an additional $60 million for the U.S. government’s rights to acquire Chrysler shares that are currently owned by a union-managed healthcare trust, and $15 million to the Canadian government for its rights to purchase union shares. Upon consummation, this transaction will result in the end of the U.S. government’s ownership stake in Chrysler. Upon announcement of the transaction, President Obama addressed a Chrysler plant in Toldeo, Ohio, touting the comeback of the U.S. auto industry.

Simpson Thacher recently represented the underwriters, Deutsche Bank Securities Inc., Barclays Capital Inc. and Citigroup Global Marks Inc., in a public offering of 25,000,000 ordinary shares of Avago Technologies Limited at an aggregate public offering price of $848,750,000 by Avago’s principal shareholders.

Bird & Bird has advised Hong Kong listed Lenovo Group Limited, the world’s fourth largest manufacturer of personal computers with a yearly turnover of $21 billion, on its public takeover of German listed company Medion AG. The transaction will be valued at approximately €629 million.

Katten Muchin Rosenman LLP is pleased to have represented the Detroit Pistons and The Palace of Auburn Hills in the completion of the sale of the NBA franchise and the team’s arena to California businessman and Michigan native Tom Gores and his private equity firm, Platinum Equity. The deal, originally announced in April, has been approved by the NBA Board of Governors and closed on June 1.

Davis Polk advised J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mitsubishi UFJ Securities (USA), Inc. and Morgan Stanley & Co. LLC as joint book-running managers on the SEC-registered debt offering by Applied Materials, Inc., including $400 million of 2.65% notes due 2016, $750 million of 4.3% notes due 2021 and $600 million of 5.85% notes due 2041.

The Firm recently represented the initial purchasers, led by Bank of America Merrill Lynch and J.P. Morgan, in a sale of $650 million of 7.250% Senior Notes due 2021 of JBS USA, LLC, a Delaware corporation, pursuant to Rule 144A and Regulation S.  In addition, the Firm represented the lead arrangers and JPMorgan Chase Bank, N.A., as administrative agent, in connection with a $475 million senior secured term loan to JBS USA, LLC.

The Firm represented the initial purchasers, led by J.P. Morgan, HSBC and Wells Fargo Securities, in an offering of $400 million of 4.750% Senior Notes due 2021 by Tupperware Brands Corporation. The Notes are guaranteed on a senior secured basis by Tupperware’s wholly-owned subsidiary, Dart Industries Inc. The collateral securing the Guarantee consists of certain Tupperware® trademarks and service marks owned by Dart. The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933, and investors have the benefit of registration rights. The offering constituted Tupperware’s inaugural debt offering.

Davis Polk advised Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Goldman, Sachs & Co. as representatives of the several underwriters in connection with the SEC-registered initial public offering of 57,391,493 of Class A shares of Yandex N.V. for an aggregate price to the public of approximately $1.4 billion. Yandex sold 16,940,000 Class A shares and certain selling shareholders sold 40,451,493 Class A shares, including an aggregate of 5,217,405 Class A shares sold by Yandex and the selling shareholders pursuant to an over-allotment option granted to the underwriters. The shares are listed on the Nasdaq Global Select Market under the symbol “YNDX.” The offering was the biggest technology IPO worldwide this year and the largest IPO of an Internet company since Google Inc.’s IPO in 2004.