Many transactions begin with the delivery by one party to the other of a letter of intent (“LOI”).[1] The LOI is a document setting forth the parties’ intent to enter into a transaction and summarizing certain salient business terms. If the parties cannot agree, it would be better to learn that early on during
M&A
Technology as a “Horizontal” in M&A Transactions
By Christopher Kula & Rimma Tsvasman on
Not too long ago, technology was considered a “vertical” market filled with companies that met the needs of the “technology” industry (think Microsoft, Dell, Cisco, Intel, and IBM). However, technological products and services have evolved to the point of serving a “horizontal” market, having become an important aspect of many different types of businesses across…
The AT&T-Time Warner Merger and a Hart-Scott-Rodino Update
By Vincent A. Bruno on
Posted in General Business Information, Recent Developments
Updates and speculation regarding the forthcoming merger between AT&T and Time Warner have dominated the recent news cycle. Many pundits and business professionals have debated whether a vertical merger of such magnitude will survive regulatory scrutiny. The transaction will be reviewed by the Federal Trade Commission (“FTC”) and the Antitrust Division of the Department of…