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May 13, 2010 5:57 PM

Jones Day, Shearman Advise on $5.8 Billion Software Merger

Posted by Brian Baxter

German software giant SAP announced on Wednesday that it would acquire database software maker Sybase in a $5.8 billion deal, as a means of keeping pace with industry rival Oracle, Bloomberg reports.

Jones Day and Shearman & Sterling landed lead M&A legal advisory roles on the transaction for SAP and Sybase, respectively, reports The Recorder, a sibling publication. Both firms have previously represented both clients.

Jones Day M&A partners Daniel Mitz, Jonn Beeson, and Kevin Espinola led a team from the firm representing Walldorf, Germany-based SAP on the deal. Rick Bergstrom, a former cochair of the labor and employment practice at Morrison & Foerster, also advised SAP on the deal along with finance partner Stephen Hall, IP partner T. Gregory Lanier, and antitrust partner Craig Waldman. (Waldman, a former chairman of Cooley Godward Kronish's antitrust practice, joined Jones Day last August.)

Michael Dorf, head of the M&A practice in Shearman's San Francisco office, took the lead advising Sybase along with fellow M&A partner Michael Kennedy. Shearman IP partner Tina Patel and tax partner Laurence Crouch rounded out the rest of the team from the firm representing Dublin, Calif.-based Sybase.

The New York Times reports that Sybase will retain its current management and operate as a stand-alone company under the SAP umbrella.

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