Mergers & Acquisitions
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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, financial advisors and other financial institutions and investors on their most important mergers, acquisitions and takeover transactions.
General Motors Makes $3.45 Billion in Additional Investments in Cruise
- Client News
- March 18, 2022
Paul, Weiss is advising General Motors Co. in its $2.1 billion acquisition of SoftBank Vision Fund 1’s equity ownership stake in Cruise, GM’s self-driving electric car maker subsidiary, and in GM’s separate, additional $1.35 billion investment in Cruise, replacing a previous commitment made by the SoftBank fund in 2018.
Since GM acquired a majority ownership stake of the company in 2016, Cruise, a leading manufacturer of the world’s most advanced self-driving, all-electric, shared vehicles, has made self-driving cars a reality and is a leader on the pathway to commercial autonomous ridesharing and delivery.
The Paul, Weiss team includes corporate partners Steven Williams, Scott Barshay and John Kennedy, and counsel Patricia Vaz de Almeida; executive compensation partner Jean McLoughlin and counsel Cynthia Akard and Ron Aizen; intellectual property partner Jonathan Ashtor; tax partners Jeffrey Samuels, Robert Holo and Robert Killip, and counsel Alyssa Wolpin; and antitrust counsel Marta Kelly.