Weil Guides Dealer-Managers Through Microsoft’s $3.65 Billion Exchange Offer

In a landmark deal that will reshape the gaming landscape, Microsoft Corporation has announced its $68.7 billion acquisition of Activision Blizzard, Inc. This transformative move, expected to close by mid-2023, will establish Microsoft as the world’s third-largest gaming company by revenue, with a massive portfolio of popular titles such as “Call of Duty,” “World of Warcraft,” and “Candy Crush Saga.”

As part of the acquisition process, Microsoft has launched a $3.65 billion exchange offer to replace existing Activision Blizzard notes with new Microsoft notes. This offer, which is crucial for completing the acquisition, has been expertly guided by Weil, Gotshal & Manges LLP, a leading international law firm with a stellar reputation in complex corporate transactions.

Weil’s Capital Markets team, led by partners Corey Chivers and Michael Hickey, played a pivotal role in advising the dealer-managers in connection with the exchange offer and related consent solicitation. The team’s deep expertise in securities law and capital markets transactions proved invaluable in navigating the intricacies of this high-stakes deal.

The Weil team’s comprehensive approach and commitment to client success were evident throughout the process. They meticulously reviewed the transaction documents, provided expert legal counsel, and ensured that the dealer-managers were fully informed and protected throughout the offer.

Their efforts were instrumental in the successful completion of the exchange offer, which received overwhelming support from Activision Blizzard noteholders. This success highlights Weil’s reputation as a trusted advisor in complex corporate transactions and underscores the firm’s unwavering dedication to delivering exceptional client service.

Weil’s Expertise in Capital Markets Transactions

Weil’s Capital Markets team is widely recognized for its expertise in a broad range of capital markets transactions, including:

• Debt and equity offerings
• Mergers and acquisitions
• Securities regulations
• Structured finance
• Derivatives
• International capital markets

The team’s deep understanding of the legal and regulatory landscape, coupled with their extensive experience in complex transactions, makes them a valuable resource for clients across the globe.

Weil’s Commitment to Client Success

Weil is renowned for its unwavering commitment to providing exceptional client service. The firm’s attorneys take a client-centric approach, working closely with their clients to understand their unique needs and objectives. They are dedicated to providing strategic legal counsel that helps clients achieve their business goals.

Weil’s Proven Track Record

Weil’s expertise and commitment to client success have earned the firm a reputation as a leader in the legal industry. The firm has been consistently ranked among the top law firms in the world by leading legal publications, including Chambers and Partners, The Legal 500, and U.S. News & World Report.

In conclusion, Weil’s role in advising the dealer-managers in Microsoft’s $3.65 billion exchange offer exemplifies the firm’s deep expertise, unwavering commitment to client success, and proven track record in complex corporate transactions. Weil’s contributions to this landmark deal further solidify its position as a trusted advisor to leading corporations worldwide.

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