Fenwick Represents Oodle in Asset Sale to QVC

Fenwick & West represented Oodle, Inc. in its sale of assets to California Voices, LLC, a wholly owned subsidiary of QVC, Inc., a global leader in video and e-commerce retail. California Voices will acquire substantially all of the assets of Oodle, Inc., the social commerce leader that runs a leading network of online marketplaces. The transaction is expected to close by December 31, 2012. Financial terms of the transaction were not disclosed.

The Fenwick transaction team included corporate partner Mark Stevens, of counsel Brian Hicks, and associates Katherine Duncan and Sarah Herman, executive compensation and employee benefits partner Blake Martell and associate Grace Chen, technology transaction associates Chris Joslyn and Michael Riskin, litigation of counsel Tyler Newby, and tax partner Adam Halpern and associate Zach Jones.

More information is available through QVC’s press release.