Davis Polk Advises NBCUniversal on the Sale of Its Stake in A&E Networks

Davis Polk is advising NBCUniversal Media, LLC in connection with the $3.025 billion sale of its 15.8% stake in A&E Television Networks, LLC to A&E’s other owners, The Walt Disney Company and The Hearst Corporation.

NBCUniversal is one of the world’s leading media and entertainment companies in the development, production and marketing of entertainment, news and information to a global audience. A&E Television Networks is an award-winning global media company offering consumers a diverse communications environment ranging from television networks to websites, to home videos/DVDs, to gaming and educational software.

The Davis Polk corporate team includes partners William H. Aaronson and Marc O. Williams and associate Samuel Burley. Partner Neil Barr and associate Kay Ng are providing tax advice. Partner Arthur J. Burke and counsel Stephen M. Pepper are providing antitrust advice. Partner Jason Kyrwood and associate Lauren N. Gillespie are providing credit advice. All members of the Davis Polk team are based in the New York office.

www.davispolk.com