Fenwick Represents Cisco in the Sale of its Connected Devices Division to Technicolor for $600M

Fenwick & West represented Cisco Systems, Inc. (NASDAQ: CSCO), the worldwide leader in networking, in the sale of its customer premises equipment (CPE) business to Technicolor (Euronext Paris: TCH; OTCQX: TCLRY), a worldwide technology leader in the media and entertainment sector. Under the terms of agreement and upon the closing of the transaction, Cisco will receive $600 million in cash and stock, subject to certain adjustments provided for in the agreement. More information is available through the announcement on Cisco’s website.

The Fenwick transaction team included corporate attorneys Doug Cogen, Lynda Twomey and William Samengo-Turner; executive compensation and employee benefits attorneys Gerald Audant and Laura McIntyre; technology transaction attorneys Stephen Gillespie, Jonathan Millard, Ethan Lee, Justin Baumli and Meng Wu; antitrust attorney Mark Ostrau and tax attorneys Michael Solomon and Zach Jones.