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Ericsson to Acquire Envivio
- Client News
- September 10, 2015
Paul, Weiss client Ericsson announced that it has agreed to acquire video encoding leader Envivio through a tender offer for $4.10 per share in cash, or approximately $125 million. The acquisition, which will strengthen Ericsson's position as a global end-to-end solution provider, is expected to close in the fourth quarter of 2015, subject to customary closing conditions.
The Paul, Weiss team included corporate partner Jeffrey Marell and counsel Ji Lu; employee benefits partner Lawrence Witdorchic; intellectual property counsel Menachem Kaplan; real estate partner Peter Fisch; environmental counsel William O'Brien; and tax partner Richard Bronstein.