Latham & Watkins Advises Bending Spoons in Acquisition of Brightcove for US$233 Million
Brightcove Inc. (NASDAQ: BCOV), the world’s most trusted streaming technology company, has announced that it has entered into a definitive agreement to be acquired by Bending Spoons, in an all-cash transaction valued at approximately US$233 million. Under the terms of the agreement, Brightcove shareholders will receive US$4.45 per share in cash for each share of Brightcove common stock that they own. The per share purchase price represents a 90% premium over Brightcove’s 60-day volume weighted average share price as of the close on November 22, 2024.
Latham & Watkins LLP represents Bending Spoons in the transaction with a corporate deal team led by Chicago partners Bradley Faris and Jason Morelli, with associates Henna Jalal, Claudia Wang, Cyrie Wilson, and Eric Winnestaffer. Advice was also provided on tax matters by Chicago partner Enrique Rene de Vera; on executive compensation, employment, and benefits matters by Chicago partner Ben Rosemergy, with associates Juliet Rognlie and Kevin Matheny; on labor matters by Chicago partner Nineveh Alkhas, with associate Sahar Merchant; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associates Ryan Clore and Kellye Quirk; on data privacy matters by London partner Gail Crawford, Singapore counsel Esther Franks, and Houston counsel Robert Brown, with associates Sarah Zahedi, Alice Brunning, and Yik Yu (Michelle) Wong; on real estate matters by Chicago partner Robert Fernandez, with associate Cristian Kelly; on antitrust matters by Washington, D.C. partner Farrell Malone and counsel Britton Davis, with associate Alexandra Clark; on ex-US antitrust and FDI matters by Hamburg partner Jana Dammann de Chapto and Brussels counsel Wesley Lepla, with associates Nicolas Jung, James Mathieson, and Florian Bourdon; on anti-bribery and anti-corruption matters by Chicago partner Meredith Monroe, with associate John Doyle; on ex-US corporate (Europe) matters by London partners Sam Newhouse and Hector Sants, Paris partner Alexander Crosthwaite, Düsseldorf partner Heiko Gotsche, and Hamburg counsel Jacob Fontaine, with associates Juan Garcia Jacobsen and Emma Dalle Nogare; on ex-US corporate (Asia) matters by Singapore partner Farhana Sharmeen and Tokyo partner Hiroki Kobayashi, with associates Takatomo Terasaki and Cher Lin Chin; on CFIUS matters by Washington, D.C. partner James Barker and counsel Catherine Hein; on benefits (UK) matters by London partner Kendall Burnett, with associate Chris Wilkinson; and on capital markets matters by Chicago associate Andrew Rutsky.