Client Highlight: AT&T
S&C represents AT&T in its definitive agreement to acquire DIRECTV in a $67 billion stock-and-cash transaction.
AT&T’s 2014 acquisition of DIRECTV is the latest in a long string of important deals that Sullivan & Cromwell’s M&A team has tackled in recent years.
S&C played key roles in AT&T’s $1.9 billion agreement to acquire Nextel International; its $2.5 billion acquisition of Mexican wireless company Iusacell from Grupo Salinas; its $2 billion sale of its ILEC business in Connecticut to Frontier Communications; its acquisition of Leap Wireless for $1.2 billion; and its $4.83 billion deal with Crown Castle International to lease, sublease or sell approximately 9,700 wireless communication sites. In all of these transactions, S&C combined its vast M&A know-how with a creative eye, tailoring each deal to the specific circumstances and AT&T’s goals.
Whether over one deal or decades, Sullivan & Cromwell seeks to understand deeply the business goals of its clients so that its lawyers are able to provide legal advice that helps clients achieve fully their business objectives. S&C has deep experience in public company M&A, including many of the largest and most transformative transactions in corporate history, and navigates the legal complexities of cross-border and multijurisdictional transactions in every region of the world. S&C’s breadth of experience enables its lawyers to anticipate why things should be different in one transaction or jurisdiction from another. S&C’s experience and firm culture of collaboration allows lawyers to apply these experiences from prior transactions to optimize each decision. S&C lawyers provide thoughtfully developed, sophisticated business advice based on their unparalleled experience. The world’s leading companies have come to rely on S&C for professional, pragmatic and innovative legal advice.