Weil, Gotshal & Manges represented Verizon Communications in its announced $1.4 billion acquisition of Terremark Worldwide, a leading information technology and cloud computing services company. The deal is structured as a cash tender offer at $19 per share followed by a back-end merger. The deal is expected to close in the first quarter of 2011. Terremark operates 13 data centers throughout the world and provides a range of business services to large corporations and US government agencies. The company will continue to operate under the Terremark brand.
The Weil team was led by Frederick Green and Michael Lubowitz, and included partners Christopher Aidun, Corey Chivers, Annemargaret Connolly, Greg Danilow, Jeffrey Osterman, Martin Pollack, Chip Roh, Amy Rubin and Samuel Zylberberg; counsel Lawrence Baer and John O’Loughlin; and associates Vigdis Bronder, Courtney Fain, Christopher Farmer, Max Goodman, Sachin Kohli, Sam Limmer, Peter Milligan, Elizabeth Martialay, Kate Napalkova, Adrian Perry, Jenna Schaeffer, Matt Speiser, Jennifer Waisberg, Jennifer Wolff and Erin Yates.