Microsoft recasts legal team for Yahoo bid
There are a lot of moving parts in Microsoft's unsolicited buyout bid for Yahoo. One of the latest arose last week when the software giant switched its legal team back to its old standby, Sullivan & Cromwell, from Simpson Thacher & Bartlett, which dropped out as legal adviser due to a conflict with another client.
It's tempting to start connecting the dots, but one source familiar with the change said the conflict in question had nothing to do with Simpson's client AOL LCC, which the law firm advised on the Goowy Media acquisition. That deal closed on … Read more