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M&A in the TMT Sector

December 13, 2020

By Paul Hastings Professional

What's Next for M&A in the TMT Sector?

Changes in the technology, media, and telecommunications (TMT) ecosystem are rapidly propelling the need for — and very purpose of — M&A deal activity. But just as fragmentation is blurring distinctions in how content is delivered, regulators increasingly are seeking to reinforce regulatory frameworks that treat various media as existing in discrete categories.

As a result, companies pursuing M&A deals must design transactions that create synergies that transcend media categories — enabling them to adapt buisness models to the changing ecosystem with new efficiencies and diversified offerings.

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Recent Client Successes

Logos_150x62_Free

1.8 BILLION

Advised this subsidiary
of Iliad on the signing
of the acquisition
of Bouygues Telecom’s mobile network.

France

Logos_150x62_Samsung

US$2.3 BILLION

Advised Samsung Display on its agreement with Samsung Corning Precision Materials (SCP) and Corning Incorporated (Corning) to have SCP repurchase Samsung Display's 43% interest in SCP and its preferred shares investment in Corning.

Korea and the U.S.

Logos_150x62_Gannett

US$2.2 BILLION

Advised this international media and marketing solutions company on its acquisition of leading broadcast television company Belo Corp. and related restructuring of Belo station assets.

U.S.

Logos_150x62_AllBrittonCommunications

US$985 MILLION

Advising this American media company that owns and operates broadcast television stations and other media on its pending sale of broadcasting
subsidiaries to Sinclair Broadcast Group.

U.S.

Logos_150x62_Accelrys

US$764 MILLION

Advised this San Diego-based leading provider
of scientific innovation lifecycle management software on its sale to Dassault Systèmes,
the world leader in
3D-design software.

U.S. and France

Logos_150x62_NJJCapital

322 MILLION

Advised this holding company, owned by French entrepreneur Xavier Niel, on its acquisition from Britain’s Cable & Wireless Communications
of a majority stake
in Monaco Telecom.

France, U.K., and Monaco

Logos_150x62_Softbank

US$420 MILLION

Advised this Japanese telecoms and internet corporation on its sale of PPLive Corporation, a leading online media company in China, to Suning and Hony Capital.

Japan and China

Logos_150x62_Maxcom

Advised Mexican private
equity firm Ventura
Capital Privado
on its takeover and
restructuring of Maxcom
Telecomunicaciones,
a facilities-based
telecoms provider.

Mexico

Logos_150x62_CMC

Advised this Chinese media and entertainment fund (CMC) on its acquisition
of a 47% stake in Star China TV from 21st Century Fox, CMC’s joint venture partner. CMC invested alongside
the broadcaster’s management team.

China and the U.S.

Logos_150x62_Qualcomm

Advised this world leader in 3G, 4G, and next-generation wireless technologies on its strategic alliance with Alcatel-Lucent to improve access to very
high-speed internet
and cellular networks.

U.S. and France