Clifford Chance Advised the Bondholders of Elektrim S.A.

Clifford Chance represented the bondholders of Elektrim S.A. (EUR 500 m eurobonds) in Poland in a prominent dispute before the commercial, bankruptcy and arbitration courts. The case was closely related to the end of the dispute concerning ownership of shares in Polska Telefonia Cyfrowa, between Elektrim, Vivendi and Deutsche Telekom.

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Shearman & Sterling Advises on WebMD’s $400 Million Convertible Notes Offering

Shearman & Sterling represented WebMD Health Corp. in connection with its Rule 144A offering of $400 million aggregate principal amount of its 2.50% Convertible Notes due 2018 (including $50 million aggregate principal amount of notes pursuant to the exercise in full of the initial purchaser’s over-allotment option). WebMD (Nasdaq: WBMD) is the leading provider of health information services, serving consumers, physicians, healthcare professionals, employers, and health plans through its public and private online portals, mobile platforms and health-focused publications. In connection with the offering, WebMD repurchased 1,920,490 shares of its common stock at a price of $52.07 per share and intends to use the remainder of the net proceeds for general corporate purposes.

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Fenwick & West Represents Qik in Acquisition by Skype

Fenwick & West LLP represented Qik, Inc., a provider of mobile video software and services that enable individuals to capture, instantly share and preserve great moments on video, in its recently announced acquisition by Skype, a communications platform provider based in Luxembourg. Financial terms of the acquisition, which is expected to close in January 2011, were not disclosed.

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Tags:  Fenwick & West LLP