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5.09.25
Wilson Sonsini Advises AppLovin on Agreement to Sell Mobile Gaming Business to Tripledot
AppLovin Corporation, a leading marketing platform, announced the entry into a definitive agreement to sell its mobile gaming business to Tripledot for $400.0 million in cash consideration and equity consideration representing approximately 20% of Tripledot. The deal is anticipated to close in the second quarter of 2025, pending regulatory approvals. Wilson Sonsini Goodrich & Rosati advised AppLovin on the transaction.
Client Highlights
12.23.24
Wilson Sonsini Advises USANA Health Sciences on Acquisition of Hiya Health
On December 23, 2024, USANA Health Sciences announced the acquisition of a 78.8 percent controlling ownership stake in Hiya Health Products, a leading direct-to-consumer provider of high-quality children’s health and wellness products. The $205 million cash transaction was completed on the same date and is anticipated to be accretive to USANA’s 2025 adjusted EBITDA. Wilson Sonsini Goodrich & Rosati advised USANA on the transaction.
Client Highlights
6.21.24
Wilson Sonsini Advises Entrata on Acquisition of Colleen AI
On June 20, 2024, Entrata®, a leading AI-enabled Operating System (OS) for multi-family communities worldwide, announced its acquisition of Colleen AI, a fully integrated, AI-powered platform optimizing payment collections. By incorporating Colleen AI into Entrata OS, operators can move towards autonomous property management, signaling a new era for the industry. Wilson Sonsini Goodrich & Rosati advised Entrata on the transaction.
Client Highlights
7.14.23
Wilson Sonsini Advises Entrata on Acquisition of Rent Dynamics
On July 13, 2023, Entrata, a leading operating system for multifamily communities, announced its acquisition of Rent Dynamics, a provider for resident rent reporting and financial resources. Entrata has acquired 100 percent of the equity in Rent Dynamics and will be able to provide residents with increased access to financial tools designed to positively impact their financial future. Wilson Sonsini Goodrich & Rosati advised Entrata on the transaction.
Client Highlights
6.06.22
Wilson Sonsini Advises DoorDash on Acquisition of Wolt
On May 31, 2022, DoorDash completed its previously announced acquisition of Wolt Enterprises Oy (Wolt), bringing DoorDash to a total of 27 countries including the United States. Wilson Sonsini Goodrich & Rosati represented DoorDash in the transaction, in collaboration with Avance Attorneys Ltd. and Allen & Overy LLP.
Client Highlights
3.03.22
Wilson Sonsini Advises AppLovin on $430 Million Wurl Acquisition
On February 28, 2022, AppLovin Corporation, a leading marketing platform, announced it has reached a definitive agreement to acquire Wurl, a high-growth privately held software platform in the Connected TV (CTV) market. The transaction is valued at approximately $430 million and is subject to customary closing conditions. Wilson Sonsini Goodrich & Rosati is representing AppLovin in the transaction.
Client Highlights
9.16.21
Wilson Sonsini Advises Mastercard on Acquisition of CipherTrace
On September 9, 2021, Mastercard announced that it will extend its capabilities deep into the field of digital assets with an agreement to acquire CipherTrace, a leading cryptocurrency intelligence company with insight into more than 900 cryptocurrencies. The integrated offering will build on CipherTrace’s suite of digital assets and Mastercard’s cyber security solutions to provide businesses with greater transparency to help identify and understand their risks and to help manage their digital asset regulatory and compliance obligations. The terms of the agreement were not disclosed. Wilson Sonsini advised Mastercard on the transaction, which is expected to close by the end of this year.
The acquisition enables Mastercard to combine the technology, AI, and cyber capabilities of both companies to differentiate its card and real-time payments infrastructure, allowing customers and stakeholders globally to build upon and benefit from the solutions to protect their consumers and comply with regulations as they build their own virtual asset offerings. CipherTrace will also help drive continued innovation with a diverse range of partners, such as fintechs, crypto-wallet providers, and governments, while allowing the company to deliver on the principles it has established for all blockchain-related programs.
The acquisition enables Mastercard to combine the technology, AI, and cyber capabilities of both companies to differentiate its card and real-time payments infrastructure, allowing customers and stakeholders globally to build upon and benefit from the solutions to protect their consumers and comply with regulations as they build their own virtual asset offerings. CipherTrace will also help drive continued innovation with a diverse range of partners, such as fintechs, crypto-wallet providers, and governments, while allowing the company to deliver on the principles it has established for all blockchain-related programs.
Client Highlights
6.11.21
Wilson Sonsini Represents Nautilus Biotechnology in $345 Million Business Combination with Arya Sciences Acquisition Corp III; NAUT Begins Trading on Nasdaq Global Select Market
On June 9, 2021, Nautilus Biotechnology, a company pioneering a single-molecule protein analysis platform for quantifying the proteome, announced the completion of its business combination with Arya Sciences Acquisition Corp III, a special purpose acquisition company (SPAC) sponsored by Perceptive Advisors. The combined company, Nautilus Biotechnology, began trading shares of its common stock under the ticker symbol "NAUT" on the Nasdaq Global Select Market on June 10, 2021. The business combination was approved by Arya III’s shareholders on June 8, 2021. Gross proceeds from this transaction totaled approximately $345 million, which included approximately $145 million of funds held in Arya III’s trust account and the concurrent common stock private investment in public equity (PIPE) financing of $200 million led by Perceptive Advisors, an affiliate of Arya III’s sponsor, as well as RA Capital Management, Ally Bridge Group, Bain Capital Life Sciences, Franklin Templeton Investments, OrbiMed, Alyeska Investment Group, L.P., Casdin Capital, and existing Nautilus Biotechnology shareholders including Andreessen Horowitz, Madrona Venture Group, and Vulcan Capital.
Client Highlights
2.22.21
Firm Advises BlackSky Holdings in Merger with Osprey Technology Acquisition Corp.
On February 18, 2021, BlackSky Holdings, Inc., a real-time geospatial intelligence, imagery, and data analytics company, and Osprey Technology Acquisition Corp., a special purpose acquisition company, or SPAC, announced they entered into a definitive agreement for a business combination that would result in BlackSky becoming a publicly listed company. Wilson Sonsini Goodrich & Rosati is advising BlackSky in the transaction.
Client Highlights
2.09.21
Firm Advises Nautilus Biotechnology on Merger with Arya Sciences Acquisition Corp III
On February 8, 2021, Nautilus Biotechnology, Inc., a biotechnology company pioneering a single-molecule protein analysis platform for quantifying the human proteome, and Arya Sciences Acquisition Corp III, a special purpose acquisition company, or SPAC, sponsored by Perceptive Advisors, announced that they have entered into a definitive business combination agreement. Wilson Sonsini Goodrich & Rosati is advising Nautilus Biotechnology on the transaction.
Client Highlights
9.10.20
Wilson Sonsini Advises Chef in $220 Million Acquisition by Progress
On September 8, 2020, Progress, the leading provider of application development and digital experience technologies, announced that it has entered into a definitive agreement to acquire Chef, a global leader in DevOps and DevSecOps, providing complete infrastructure automation to build, deploy, manage and secure applications in modern multi-cloud and hybrid environments, as well as on-premises. Progress will acquire Chef for $220 million in cash, subject to customary adjustments. Progress will fund the transaction with existing cash on hand and funds secured under its existing credit facility. The transaction is expected to be accretive beginning in Q1 FY2021 to both non-GAAP earnings per share and cash flow. Wilson Sonsini Goodrich & Rosati represented Chef in the transaction.
Client Highlights
4.10.20
Wilson Sonsini Advises MaxLinear in Acquisition of Intel Division
On April 6, 2020, MaxLinear, Inc., a leading provider of radio frequency and mixed-signal integrated circuits for broadband communications, announced that it had entered into a definitive agreement with Intel Corporation to acquire Intel’s Home Gateway Platform Division assets in an all-cash, asset transaction valued at $150 million. Wilson Sonsini Goodrich & Rosati is advising MaxLinear in the transaction.