Fenwick & West represented Adap.tv, Inc., Inc., a leading global, programmatic video advertising platform for the world’s largest brands, agencies, and publishers, in its acquisition by AOL Inc., a brand company, committed to continuously innovating, growing, and investing in brands and experiences that inform, entertain, and connect the world. Under financial terms of the acquisition, AOL will pay approximately $322 million in cash considerations, and approximately $83 million in AOL common stock, subject to certain adjustments. The closing is subject to customary closing conditions, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. AOL expects to close the acquisition in the third quarter of 2013.
The Fenwick transaction team included corporate attorneys Ted Wang, Andrew Luh, Matthew Stewart, Ryan Slunaker and Laura Finley; technology transaction attorneys Darren Hutchins and Madeline Zamoyski; antitrust attorney Mark Ostrau; executive compensation and employee benefits attorneys Shawn Lampron, Mona Clee and Marshall Mort; tax attorneys Ronald Schrotenboer and Zach Jones; and litigation attorneys Darren Donnelly and Phillip Haack.