Deal Description: On January 7, 2021, Comscore, Inc. (“Comscore” or the “Company”), a third-party source for planning, transacting and evaluating media across platforms, announced investments from Qurate Retail, Inc. (“Qurate”), Charter Communications, Inc. (together with its affiliates, “Charter”), and an affiliate of Cerberus Capital Management, L.P. (“Cerberus”). Specifically, Qurate, Charter, and Cerberus each will make a cash investment in exchange for shares of convertible preferred stock. Proceeds from the Investment will be used to retire the Company’s existing debt and significantly improve the Company’s financial flexibility and liquidity position.
Baker Botts represented Qurate in the transaction.
Value: $204.0 million
Baker Botts Lawyers/Office Involved:
Corporate: Samantha Crispin (Partner, Dallas); Nicole Perez (Partner, New York); Beverly Reyes (Partner, New York); Quentin Wiest (Senior Associate, New York); Emilie Heck (Associate, Austin); Deren Guidara (Associate, New York)
Benefits: Robin Melman (Partner, New York)
Tax: Tamar Stanley (Partner, Washington D.C.); Josh Mandell (Partner, Dallas); Peter Farrell (Senior Associate, Washington D.C.)
Antitrust: Paul Cuomo (Partner, Washington D.C.); Matt Adler (Senior Associate, Washington D.C.)
Finance: Robert Wann (Partner, New York), Adorys Velazquez (Partner, New York), Taylor Courtade (Associate, Dallas)
For more information, please see the news release by clicking here.
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