Deal Description: On November 17, 2020, GCI Liberty, Inc. (“GCI Liberty”) (Nasdaq: GLIBA, GLIBP) announced that it has agreed to sell its stake of LendingTree, Inc. ("LendingTree") and to unwind its forward sale contract on LendingTree shares. The gross proceeds of the sale are expected to be $1,007 million. The closing of the sale of the LendingTree shares is expected to occur on November 18, 2020.
Baker Botts represented GCI in the transaction.
Value: $1.007 Billion
Baker Botts Lawyers/Office Involved:
Corporate: Samantha Crispin (Partner, Dallas); Adorys Velazquez (Partner, New York); Catherine Gallagher (Partner, Washington, D.C.); Robert Wann (Partner, New York); Nicole Perez (Partner, New York); Beverly Reyes (Partner, New York); John Johnston (Special Counsel, New York); Jennifer Ybarra (Associate, Dallas)
Tax: Tamar Stanley (Partner, Washington, D.C.); Josh Mandell (Partner, Dallas); Peter Farrell (Senior Associate, Washington, D.C.)
For more information, please see GCI’s news release by clicking here.
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