Groupon Inc. named Eric Lefkofsky as chief executive officer, entrusting the future of the struggling daily-deals company to a controversial co-founder whose comments drew regulatory scrutiny ahead of its initial public offering.
Sullivan & Cromwell LLP advised Perrigo Co., a U.S. maker of over-the-counter medicines, which agreed to buy Irish drug company Elan Corp. for $8.6 billion, gaining a low-tax base for international expansion. Morgan, Lewis & Bockius LLP is providing Perrigo with counsel on antitrust/competition. Elan was advised by A&L Goodbody and Cadwalader Wickersham & Taft LLP.
Groupon Inc. ousted Andrew Mason as chief executive officer a day after reporting results that disappointed investors and underscored his failure to cope with diminished demand for daily coupons, the company’s main product.
Zynga Inc.’s new chief executive officer, Don Mattrick, takes over the struggling social-gaming pioneer amid one of its biggest challenges yet: losing the No. 1 spot on Facebook Inc. to upstart King.com.