Latham Advises Skydance Media in US$400 Million Strategic Financing Round

Skydance Media has announced that it has completed a US$400 million strategic financing round led by KKR and joined by The Ellison family who remain the majority shareholders. Existing investors, Redbird Capital Partners and Tencent, who each maintain their initial shareholder percentage, also participated in the round, which now values the company at approximately US$4.5 billion.

Latham & Watkins LLP represents Skydance in the transaction with a corporate deal team led by New York partners Justin Hamill and Daniel Mun, Century City partner Rick Offsay, New York counsel Robert McGuire, with associate Shelton Taylor. Advice was also provided on tax matters by Century City partner Pardis Zomorodi; on benefits matters by Century City partner Julie Crisp; on data & technology transactions matters by Los Angeles/Century City partner Ghaith Mahmood with Bay Area associate Amy Tosi; and on regulatory matters by New York partner Katherine Rocco and Frankfurt partner Max Hauser.