WHEN INTEL AND MOBILEYE COMBINED TO SPUR AUTONOMOUS VEHICLES
Financial Times, December 11, 2017
Morrison & Foerster is currently fighting a protracted battle over driverless car technology on behalf of Uber, defending it against allegations by Waymo, Alphabet’s self-driving car unit, that it stole trade secrets. That $1.8bn lawsuit has yet to be settled. Earlier this year, however, the firm helped to sell Mobileye, a developer of self-driving vehicle technologies, to Intel — in one of 2017’s most lauded tech deals. A clear negotiating strategy kept Mobileye, self-driving star of Israel’s tech scene, in the driver’s seat throughout the $15.3bn sale, which was the biggest acquisition of an Israeli tech company by value to date. Read more.
THE IPO PACK GETS THINNER AS BUYERS GAIN MORE LEVERAGE
Law360, August 16, 2016
Facing a cold market for initial public offerings, many potential issuers are opting for a sale instead through a "dual-track" strategy by which companies simultaneously entertain IPOs and acquisition bids and seize the better offer, injecting more uncertainty into an already cloudy IPO landscape. IPO candidates for years have used the dual-track process — essentially a negotiating strategy whereby a company files for a public offering while also keeping itself open to suitors in order to secure the best exit for its investors — but lawyers. Read more.