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Michael V. Gisser

Partner

Partner

Mergers and Acquisitions, Technology and International

Los Angeles

T: 1.213.687.5213

F: 1.213.621.5213

michael.gisser@skadden.com

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Michael Gisser is a senior mergers and acquisitions partner and has been continuously active in these transactions with the firm for more than 25 years. Mr. Gisser advises clients in a range of industries with respect to change-in-control transactions, representing major clients in the technology, entertainment and real estate industries, among others. Mr. Gisser also leads the firm’s Asia Pacific practice.

Chambers Global 2013 and 2014 profiled Mr. Gisser as a “leading lawyer” in both the United States and China. In addition, he has been recognized for Corporate/M&A by Chambers USA and Chambers Asia-Pacific. The Los Angeles Daily Journal has consistently listed Mr. Gisser as one of California’s top “Rainmakers.” He has been a guest lecturer in M&A at New York University and Stanford University.

Selected representations include:

  • the Gold/Schiffer family in connection with 99 Cents Only Stores’ $1.6 billion acquisition by affiliates of Ares Management LLC and Canada Pension Plan Investment Board;
  • Centro Properties Group, a real estate investment trust and a developer and manager of shopping malls, in its $9.5 billion sale via an auction of its U.S. shopping centers to Blackstone Group;
  • a series of change-of-control transactions involving Skype, the global Internet communications company, including representing:

    • an investor in Skype in connection with Microsoft’s purchase of Skype from current investors for $8.5 billion in cash;
    • Niklas Zennström and Janus Friis, founders of Skype, along with a consortium of private equity and venture capital firms led by Silver Lake Partners, in their $2.8 billion acquisition of Skype from eBay Inc.; and
    • Skype in its acquisition by eBay for $3.6 billion (“2005 Breakthrough Telecom/Technology Deal,” Investment Dealers’ Digest), including the largest earnout payment ever made;
  • Juicy Couture, a designer and seller of women’s wear, in its sale to Liz Claiborne;
  • The Walt Disney Company in its acquisition of the Club Penguin children’s website for up to $700 million (including an earnout);
  • NatSteel Electronics Corporation of Singapore in its $1.4 billion acquisition by Solectron, Inc.;
  • Youku Inc. in its $1.1 billion merger, via a stock swap, with Tudou Holdings Limited. Both parties are online video websites based in China. This transaction was named 2012 “M&A Deal of the Year” at the China Law & Practice Awards, 2012 “M&A Deal of the Year” at the IFLR Asia Awards 2013 and 2012 “M&A Deal of the Year – Inbound and Domestic” by China Business Law Journal;
  • Youku Tudou Inc. in a $1.2 billion investment by Alibaba Capital Partners and Yunfeng Capital;
  • Leju Holdings Limited in its $100 million initial public offering of American depositary shares and listing on the New York Stock Exchange;
  • E-House (China) Holdings Limited, a real estate services provider, in its $180 million sale of a 15 percent equity interest in its subsidiary, Leju Holdings Limited, to Tencent Holdings Ltd., an investment holding company with subsidiaries in the Internet and telecommunications industries;
  • going-private transactions, including representing the management of Harbin Electric (“Deal of the Year,” China Business Law Journal and Asian-MENA Counsel Magazine); the chairman of Focus Media Holding Limited (the largest-ever delisting of a New York-listed PRC company and “Take Private Deal of the Year,” China Business Law Journal); China Security & Surveillance Technology (“Deal of the Year,” China Business Law Journal); Chemspec International (“Deal of the Year,” China Business Law Journal); Fushi Copperweld; the independent committee of FunTalk China (“Deal of the Year,” China Business Law Journal); and the founding shareholder of AsiaInfo-Linkage;
  • Sungy Mobile Limited, a provider of mobile Internet products and services, in its acquisition of Getjar Inc., a mobile advertising platform;
  • Pulmuone Holdings in its acquisition by a tender offer of Monterey Gourmet Foods. Both companies are food producers. This deal marked only the second successful acquisition of a U.S. public company by a Korean company by means of a tender offer;
  • Pacific Century CyberWorks Japan, a developer of online games and entertainment, in its acquisition of the entertainment businesses of Circadence Corporation, a provider of solutions and services that enhance website performance;
  • Goldman, Sachs & Co. as sole underwriter in a $251 million offering of common stock by Activision, Inc., a publisher of entertainment software products; and
  • Plethico Pharmaceuticals, a manufacturer of nutraceuticals, in its acquisition of Natrol, a U.S. public manufacturer of nutritional supplements, via a tender offer and merger.

Bar Admissions

California
New York

Education

J.D., Stanford Law School, 1982 (Order of the Coif; senior articles editor, Stanford Law Review)

A.B., Harvard College, 1978 (cum laude)

Associations

Member, Executive Committee, Asia Society Southern California

Member, Board of Visitors, Stanford Law School