Media & Telecommunications

Fact Sheet

Experience

  • Media And Telecommunications

    • Verizon in its $1 billion cash acquisition of wireless spectrum licenses in the cellular band, as well as select licenses for spectrum in the AWS and PCS bands, from United States Cellular Corporation and certain of USCC’s subsidiaries.
    • Windstream Holdings, a privately held fiber and cloud based communications provider, in the issuance of $800 million Senior First Lien Notes and the incurrence of a $500 million new term loan facility to refinance a portion of its outstanding indebtedness and a separate consent solicitation to modify certain terms of its $1.4 billion outstanding Senior First Lien Notes in anticipation of its proposed merger with Uniti Group.
    • Verizon in its $20 billion acquisition of Frontier, the largest pure-play fiber internet provider in the U.S.
    • Warner Bros. Discovery in the offering of €650 million aggregate principal amount of 4.302% Senior Notes due 2030 and €850 million aggregate principal amount of 4.693% Senior Notes due 2033.
    • Windstream Holdings, a privately held fiber and cloud based communications provider, in its merger with publicly held Uniti Group.
    • Guggenheim Securities and Morgan Stanley & Co., as financial advisors to SES, in SES’s $3.1 billion acquisition of Intelsat.
    • The Special Committee of SiriusXM in its agreement to combine SiriusXM with Liberty Media’s Liberty SiriusXM tracking stock group to create New SiriusXM, a new public company.
    • Warner Bros. Discovery in the offering of $1.5 billion aggregate principal amount of 6.412% Senior Notes due 2026 by WarnerMedia Holdings.
    • Providence Equity Partners in its investment in a multi-decade lease for nine marquee billboards at Two Times Square and 1600 Broadway from Universal Branding Group.
    • Providence Equity Partners in its minority investment of up to $500 million in the formation of The North Road Company.
    • Qatar Investment Authority in its $375 million co-investment in Elon Musk’s take private acquisition of Twitter.
    • TA Associates, in its acquisition of TouchTunes, an in-venue, interactive music and entertainment platform, from funds advised by Searchlight and Newlight.
    • Discovery, Inc. in the offering of $30 billion of senior unsecured notes in the acquisition of WarnerMedia.
    • Warner Music Group in its private offering of $540 million senior secured notes.
    • Carlyle, as majority owner of Syniverse, in Syniverse’s $2.85 billion merger, later terminated, with special purpose acquisition company M3-Brigade Acquisition II Corp. resulting in Syniverse becoming a publicly traded company.
    • Discovery, Inc. in the acquisition of WarnerMedia from AT&T in a Reverse Morris Trust transaction that values the combined entity at approximately $130 billion.
    • Deutsche Bank Securities, as financial advisor to Bally’s, in Bally’s combination with Gamesys.
    • The Dolan family in MSG Entertainment’s acquisition of MSG Networks.
    • Brigade Capital Management, as debtor-in-possession lender in providing a $95 million DIP facility and a $100 million exit facility to Alpha Media in its Chapter 11 bankruptcy case.
    • GoDaddy in its acquisition of the .design domain extension.
    • GoDaddy in its acquisition of the .club domain extension.
    • GoDaddy in its acquisitions of the .club and .design domain extensions, as well as 28 domain extensions (and certain other business assets) owned and operated by Minds + Machines Group Limited (MMX).
    • Elliott Management in the restructuring of Windstream Holdings, a leading communications and software company.
    • Verizon in its $6.25 billion acquisition of Tracfone, the largest reseller of wireless services in the U.S.
    • Gogo, the leading inflight Internet company, in the successful sale of its commercial aviation business to Intelsat, which was in Chapter 11 at the time of the transaction.
    • The Special Committee of Liberty Broadband in Liberty Broadband’s $10.59 billion acquisition of GCI Liberty.
    • Warner Music Group in its initial public offering of 77 million shares of Class A common stock at a public offering price of $25.00 per share, representing an approximately $1.925 billion offering.
    • Tribune Media Company in its $7.2 billion sale to Nexstar Media.
    • The Special Committee of the Board of Directors of Yandex in a restructuring of its corporate governance.
    • Amazon as strategic partner to Yankee Global Enterprises in the acquisition of the YES Network from The Walt Disney Company at a total enterprise value of $3.47 billion.
    • Providence Equity Partners in its majority investment of €200 million in Smartly.io.
    • Morgan Stanley, as financial advisor to Cincinnati Bell, in the $2.75 billion acquisition of Cincinnati Bell by Brookfield. (Terminated)
    • Capital Group Private Markets and other selling shareholders in the $1.85 billion sale of Eaton Towers to American Tower. The deal won the “M&A Deal of the Year” category at the IFLR1000 Sub-Saharan Africa Awards.
    • J.P. Morgan Securities, as financial advisor to CommScope, in CommScope's $7.4 billion acquisition of ARRIS.
    • Time Inc. in its $2.8 billion sale to Meredith.
    • Discovery, Inc. in its $14.6 billion acquisition of Scripps Networks Interactive.
    • Verizon in its $3.1 billion acquisition of Straight Path Communications, a leading wireless spectrum holder.
    • Warner Music Group in a two–part refinancing transaction, including its offer and sale of $250 million 4.875% dollar-denominated senior secured notes due 2024 and an offering of €345 million 4.125% euro-denominated senior secured notes due 2024 and the retirement of $450 million of outstanding dollar-denominated senior notes and €157 million of euro-denominated senior notes.
    • Tribune Media Company in the $560 million sale of Gracenote, a leading entertainment data provider, to the Nielsen Company.
    • Morgan Stanley, as financial advisor to Consolidated Communications Holdings, in Consolidated Communications Holdings's $1.5 billion acquisition of FairPoint Communications, a business and broadband communications provider.
    • Verizon in the $10.54 billion sale of its local wireline operations in California, Florida and Texas to Frontier Communications.
    • The Dolan family, controlling stockholders of Cablevision Systems Corporation, in Cablevision’s $17.7 billion sale to Altice.
    • Verizon in its $1.8 billion acquisition of XO Communications’ fiber-optic network business.
    • Discovery, Inc. in its $195 million investment in Lions Gate Entertainment.
    • Eutelsat in a joint venture with ViaSat to provide wholesale and retail broadband services in Europe.
    • Russia China Investment Fund in its investment in TutorGroup.
    • Helios Investment Partners in its acquisition of a majority stake in Telkom Kenya from The Orange Group.
    • Eutelsat in a partnership initiative to provide data connectivity to Sub-Saharan Africa.
    • Independent Committee of the Board of Directors of Martha Stewart Living Omnimedia in its $365 million sale to Sequential Brands.
    • The Dolan family, the controlling stockholders of Madison Square Garden, in the spin-off of Madison Square Garden’s live sports and entertainment businesses.
    • Helios Investment Partners in its minority investment in Wananchi Group as part of a $130 million investment from Helios and existing shareholders.
    • Tribune Media Company in its spin-off of Tribune Publishing Company.
    • Syniverse, a Carlyle portfolio company, in its $290 million acquisition of Aicent.
    • Carlyle in its $3.3 billion acquisition of Getty Images.
    • Tribune Media Company in its $2.7 billion acquisition of Local TV Holdings.
    • Access Industries in its $3.3 billion acquisition of Warner Music Group.
    • Verizon Wireless in its acquisition of Alltel Corporation, a transaction valued at $28.1 billion.
    • New Young Broadcasting in its $2.2 billion merger with Media General to combine the two local broadcast television and digital media companies.
    • Warner Music Group in its acquisition of the Parlophone Label Group from Universal Music Group.
    • Independent directors of News Corporation in allegations relating to phone-hacking in the United Kingdom.
    • Eutelsat Communications in its $228 million acquisition of the ES 172 Satellite and associated customer contracts and orbital rights from General Electric Capital Corporation.
    • Verizon Wireless in its $3.6 billion acquisition of Advanced Wireless Services spectrum licenses.
    • The Dolan family in the $5.5 billion tax-free leveraged spin-off of AMC Networks to the stockholders of Cablevision Systems Corporation.
    • Carlyle in the $3 billion sale of Insight Communications to Time Warner Cable.
    • Discovery, Inc. in its acquisition of BBC Worldwide’s 50% interest in the BBC Worldwide-Discovery joint ventures for Animal Planet and Liv (formerly People + Arts).
    • General Electric in the repurchase of Vivendi’s stock of NBC Universal for $5.8 billion, along with advice to NBC Universal on certain corporate matters related to the formation of the NBC Universal - Comcast joint venture valued at $37.5 billion.
    • Verizon in the $8.6 billion spin-off and merger of its wireline businesses in 14 states to Frontier Communications Corporation.
    • Insight Communications in Carlyle’s sale of an equity interest in Insight to an investor group led by Crestview Partners and MidOcean Partners.
    • Providence Equity Partners in its $640 million investment in Aditya Birla Telecom, an Indian wireless communications company, and in its acquisition of the international television operations of the Hallmark Channel from Crown Media Holdings.
    • The Dolan family in its $22 billion effort to take Cablevision private.
    • Discovery, Inc. in its acquisition of HowStuffWorks.com.
    • Oxygen Media in its $925 million acquisition by NBC Universal.
    • Verizon Wireless in its $2.35 billion sale of wireless assets to AT&T and $240 million acquisition of wireless assets from AT&T.
    • An investor group led by Merrill Lynch Global Private Equity and the CEO of Cumulus Media in its $1.3 billion effort to take Cumulus Media private.
    • Greater Media in its acquisition of the Charlotte radio station cluster from Lincoln Financial Group.
    • MBK Partners in its $1.6 billion leveraged buyout of China Network Systems, Taiwan’s largest cable TV multiple system operator.
    • General Electric and NBC in their acquisition of Vivendi Universal Entertainment and formation of NBC Universal, a $43 billion broadcast, cable, studio, film and diversified entertainment company owned 20% by Vivendi and 80% by General Electric.
    • Globo in the restructuring of nearly $2 billion in debt, and the sale to Teléfonos de Mexico of a stake in Globo affiliate Net Serviços de Comunicação, the largest cable company in Latin America.
    • Hasbro in its reacquisition of video game rights from Infogrames Entertainment and related licensing of Dungeons and Dragons, Monopoly and certain other properties.
    • Globo Comunicação e Participações in its $608.4 million sale of a strategic equity stake in SKY Brasil to DIRECTV.
    • Sony in negotiations on content protection requirements for digital broadcast television.
    • Highland Capital Management in its sale of Communications Corporation of America and White Knight Broadcasting to Nexstar Broadcasting Group and Mission Broadcasting.
    • Eutelsat in its $1.14 billion acquisition of Satélites Mexicanos.
    • Beijing Galloping Horse Film and Galloping Horse America in their acquisition of the visual effects and other assets of Digital Domain Productions in a Section 363 sale under the U.S. Bankruptcy Code.
    • Lagardère in the €651 million sale to Hearst Corporation of its international magazine business.
    • Globo in a transaction with News Corp and The DirecTV Group involving the merger of Brazilian DTH pay-TV platforms Sky Brasil and DIRECTV Brasil, including negotiation of arrangements governing Globo’s continued role as a minority owner and supplier of programming to the combined company.