Latham & Watkins LLP along with Wachtell, Lipton, Rosen & Katz (WLRK) advised on the acquisition of The Free Press by Paramount Skydance Corporation.
Paramount Skydance Corporation (Nasdaq: PSKY) announced the acquisition of The Free Press, a leading independent subscription media company. The combination brings together CBS News’s scale and reach with The Free Press’s culture-shaping voice and innovative spirit, united in the pursuit of setting a new standard for trusted journalism in America.
The Free Press will maintain its own independent brand and operations, and continue to do reporting, video and audio podcasts, and events for its fast-growing community of subscribers.
Latham & Watkins LLP represents Paramount Skydance Corporation in the transaction with a corporate deal team led by New York Partner Ian Nussbaum and Chicago Partner Max Schleusener, with Associates Brian Baloun and Rheem Brooks. Advice was provided on antitrust matters by Washington, D.C. Partner Peter Todaro, New York Partner Katherine Rocco, and New York Counsel Jamie Sadler, with Associate Doug Tifft; on tax matters by Los Angeles Partner Pardis Zomorodi, with Associate Jeremiah Cowen; on executive compensation and employee benefits matters by Los Angeles Partner Julie Crisp, with Associate Joseph Benedetto; on labor and employment matters by Chicago Partner Nineveh Alkhas, with Associate Jocelyn Wexler; on intellectual property matters by Los Angeles Partner Ghaith Mahmood, with Associates Nick Goshgarian and Jesse Kirkland; on data privacy matters by Bay Area Partner Robert Blamires, with Associate Kiara Vaughn; on entertainment, sports, and media matters by Los Angeles Partner Rick Offsay, with Associate Alex Sibirzeff; on capital markets matters by New York Partner Benjamin Cohen, with Associates Kaj Nielsen and Raul Gonzalez-Casarrubias; and on insurance matters by Los Angeles Partner Drew Levin and San Diego Counsel Hannah Cary, with Associate Enrique Covarrubias.
Wachtell Lipton represented The Free Press in its acquisition by Paramount.
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