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Michael V. Gisser

Partner

Partner
Skadden, Arps, Slate, Meagher & Flom LLP

Mergers and Acquisitions, Technology and International

Hong Kong

T: +852.3740.6888
M: +86.139.1000.1827

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 has repeatedly 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, and was listed in Best Lawyers in America for 2016. 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:

  • Thomas Tull, chairman of the board and chief executive officer of Legendary Pictures, in the sale of Legendary Pictures to Dalian Wanda Group Corporation Ltd. (China). This is the largest acquisition of a U.S. production company by a Chinese firm to date;
  • Apex Technology Co., Ltd. (China) as a member of a buyer consortium in its US$4 billion acquisition of Lexmark International Inc. This was the second-largest outbound acquisition in the technology sector ever completed by a Chinese investor and the third-largest U.S. public takeover ever done by a Chinese investor;
  • XIO Group (Hong Kong) in its US$1.1 billion acquisition of J.D. Power and Associates, Inc. from McGraw Hill Financial, Inc.;
  • Western Digital Corporation in its data storage and solutions joint venture with Unisplendour, a China-based technology company;
  • going-private transactions, including Youku Tudou’s US$5.6 billion going-private acquisition by Alibaba; Homeinns for US$1.7 billion; Harbin Electric for US$750 million (“Deal of the Year,” China Business Law Journal (CBLJ) and Asian-MENA Counsel); China Security & Surveillance Technology for US$580 million (“Deal of the Year,” CBLJ); Chemspec International for US$130 million (“Deal of the Year,” CBLJ); Fushi Copperweld for US$310 million; E-House China; and Feihe International for US$147 million;
  • Youku Tudou Inc. in its:

    • $1.1 billion merger, via a stock swap, with Tudou Holdings Ltd. Both parties are online video websites based in China (2012 “M&A Deal of the Year” at the China Law & Practice Awards, the IFLR Asia Awards and by CBLJ); and
    • in a $1.2 billion investment by Alibaba Capital Partners and Yunfeng Capital (2014 “Deal of the Year” by Asian-MENA Counsel and CBLJ);
  • Ctrip.com International, Ltd. (China) in its:

    • US$3.4 billion acquisition of a 45 percent stake in Qunar Cayman Islands Limited from Baidu Holdings Limited; and
    • US$400 million acquisition of a 37.6 percent stake in eLong, Inc. (China) from Expedia, Inc. and other selling shareholders;
  • Samsung Electronics (South Korea) in its acquisition of LoopPay, Inc., a mobile payments company;
  • the founder of Rdio, Inc. in connection with Pandora Media, Inc.’s acquisition of Rdio’s assets;
  • E-House (China) Holdings Ltd., 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.;
  • NatSteel Electronics Corporation (Singapore) in its $1.4 billion acquisition by Solectron, Inc.;
  • a series of change-of-control transactions involving Skype, the global Internet communications company, including:

    • in connection with Microsoft’s purchase of Skype from private equity investors for $8.5 billion in cash (2011 “Private Equity Deal of the Year” by The Deal);
    • the 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
    • in its acquisition by eBay for $3.6 billion (“2005 Breakthrough Telecom/Technology Deal,” Investment Dealers’ Digest), including the largest earnout payment ever made;
  • 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;
  • The Walt Disney Company in its acquisition of the Club Penguin children’s website for up to $700 million (including an earnout);
  • 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;
  • Juicy Couture, a designer and seller of women’s wear, in its sale to Liz Claiborne;
  • Plethico Pharmaceuticals Ltd. (India) in the US$81 million acquisition of Natrol, Inc. via a tender offer;
  • 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;
  • Sungy Mobile Ltd., a provider of mobile Internet products and services, in its acquisition of Getjar Inc.; and
  • 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.

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