Debevoise & Plimpton LLP has received the Impact Deal of the Year award at the International Tax Review Americas Tax Awards 2022, for the firm’s role in advising Discovery in its acquisition of WarnerMedia from AT&T. The deal, which was structured as a Reverse Morris Trust transaction and which allowed AT&T to receive approximately $40 billion at closing in the form of cash, debt securities and WarnerMedia’s retention of certain debt, was completed in record time and was the largest deal of 2021, valuing the combined entity at approximately $130 billion. Debevoise’s role in this transaction has been recognized by several other legal publications including The American Lawyer, Law360 and The Deal.

With more than 40 tax lawyers located in key international centers, Debevoise’s Tax Group focuses on providing cutting-edge tax advice on all types of domestic and cross-border investment fundraising and M&A transactions for clients in virtually every market sector including private equity, insurance, banking, airlines, technology, media, and health care and pharmaceuticals. Known for working seamlessly with the firm’s corporate practices – tailoring structures, negotiations and documentation to the client’s tax, business and commercial goals – and well connected with a network of local practitioners, the Tax Group helps clients achieve their business objectives.

The ITR Americas Tax Awards recognize firms, in-house counsel, individual private practitioners, and corporations behind the most innovative and challenging tax work from the past year, as well as those driving the international market. The awards also recognize achievements in tax technology, innovation, policy, compliance and reporting, as well as diversity, equity, and inclusion.