Four firms advised on the acquisition by John Malone’s Liberty Global Inc. of U.K. cable-television provider Virgin Media Inc. for $16 billion in cash and stock to challenge Rupert Murdoch in Europe’s biggest pay-TV market.
On a good day, 27-year-old Bobby Timberlake at CME Group Inc. in Chicago rounds up $2.5 billion from the world’s biggest traders and banks such as JPMorgan Chase & Co. to cover their losses in the $639 trillion derivatives markets.
Ebix Inc., the insurance software company that said it was targeted by short sellers last year, is being investigated by the U.S. Securities and Exchange Commission for its accounting practices, four people with direct knowledge of the probe said.
Greenberg Traurig LLP announced leadership changes, including the promotion of Hilarie Bass to co-president from global operating shareholder. Bass, a Miami partner, is the first female president of the firm and holds the highest position a woman has held there.
Allen & Overy LLP hired Tran Anh Duc to head the firm’s Hanoi branch. Duc will co-head the banking and corporate practices alongside Adam Moncrieff, who recently relocated from the Tokyo office. Duc, who has been in practice for 18 years, was previously the managing partner at Vilaf, a local Vietnam law firm.
Republican presidential candidate Mitt Romney, as a board member of Staples Inc., voted to set a low price on the stock and create a new class of shares as a “favor” to its co-founder who was involved in a divorce.
Apple Inc., advised by Weil Gotshal & Manges LLP, agreed to buy AuthenTec Inc. for about $350 million, deploying some of its $117.2 billion cash hoard to gain fingerprint-authentication and encryption security technology for the iPad and iPhone. Alston & Bird LLP represented AuthenTec.
The U.S. Senate rejected ratification of a treaty intended to grant equal access for the disabled to employment, health care, education, physical accommodations and legal protection under international law.