
Tech giant Hewlett Packard has turned to Davis Polk & Wardwell and Ropes & Gray to helm its acquisition, valued at $3.3 billion, of audio and video device maker Poly, which tapped Wilson Sonsini Goodrich & Rosati as legal counsel.
The deal disclosed Monday will allow Palo Alto, California-based HP Inc to capitalize on the growing hybrid-work environment through the use of Santa Cruz-based Poly’s products, including video conferencing solutions, cameras and headsets.
The purchase will allow HP to tap into significant changes in work arrangements as businesses adjust to the pandemic-driven restrictions imposed in many countries that have led to an explosion in the popularity of videoconference technologies and other products designed for the remote workplace, as well as in a wave of deals, acquisitions, and other market adjustments.
Corporate partners Paul Scrivano and Cheryl Chan are leading the deal team for Davis Polk, while M&A partners Sarah Young and Matthew Jacobson are leading Ropes & Gray’s team, according to statements from the law firms.
Poly is the result of a 2018 merger between headset-maker Plantronics Inc and audioconferencing services provider Polycom. The company is expected to benefit from the wider reach capabilities of computer-maker HP, likewise capitalizing on the growth in remote connectivity demand.The company is working with Wilson Sonsini corporate partners Katherine Martin, Martin Korman, Douglas Schnell and Remi Korenblit, the law firm said.
Law firm Skadden, Arps, Meagher & Flom said in a statement it worked on antitrust aspects of the deal, led by partners Steven Sunshine, Frederic Depoortere and Andrew Foster.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
French Prosecutors Open Investigation into X’s Algorithmic Bias
Feb 8, 2025 by
CPI
Meta Urges US Appeals Court to Uphold $725 Million Privacy Settlement
Feb 8, 2025 by
CPI
UnitedHealth Group Withdraws Motion to Dismiss Antitrust Challenge
Feb 8, 2025 by
CPI
Tech Firms Raise Alarm Over Ex-Amazon Exec Leading UK Competition Regulator
Feb 8, 2025 by
CPI
US Consumers File Lawsuit to Block Nippon Steel’s Acquisition of US Steel
Feb 8, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon