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Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
Yahoo to Acquire Stake in Taboola in 30-Year Partnership Deal
- Client News
- November 28, 2022
Paul, Weiss is advising Apollo portfolio company Yahoo in its 30-year exclusive commercial agreement with Taboola, a global leader in powering recommendations for the open web. Under the terms of the deal, Taboola will exclusively power native advertising across all of Yahoo’s digital properties and will be available to buy through the Yahoo demand-side platform. As part of the partnership, which is expected to generate $1 billion in annual revenue, Yahoo will receive nearly 25% of the pro forma equity of Taboola.
The agreement is expected to close in the first quarter of 2023, subject to customary shareholder and regulatory approvals and certain closing conditions.
The Paul, Weiss team includes M&A partners Taurie Zeitzer and Justin Rosenberg, and counsel David Harris; tax partner Brad Okun; capital markets partner Tracey Zaccone and counsel Lyudmila Bondarenko; finance partners Mark Wlazlo and Danielle Penhall; intellectual property partner Claudine Meredith-Goujon and counsel Marisa Geiger; executive compensation partner Jarrett Hoffman and counsel Ron Aizen.