Emerson Collective to Acquire Majority Ownership of The Atlantic

On July 28, 2017, Atlantic Media chairman David G. Bradley announced that Emerson Collective, an organization founded and led by Laurene Powell Jobs, has agreed to acquire majority ownership of magazine and multi-platform publisher The Atlantic. The acquisition includes its flagship magazine, digital properties, live events business, and consulting services. Emerson Collective will partner with Bradley, who through Atlantic Media will hold a minority stake and continue to run The Atlantic for at least the next three to five years. Terms of the deal were not disclosed. Wilson Sonsini Goodrich & Rosati is representing Emerson Collective in the transaction.

Emerson Collective is an organization dedicated to removing barriers to opportunity so people can live to their full potential. The group centers its work on education, immigration reform, the environment, and other social justice initiatives.

The WSGR team representing Emerson Collective in the transaction includes:

Corporate/M&A:
Larry Sonsini, Chairman
Donna Petkanics, Partner
Michael Labriola, Partner
Megan Baier, Partner
William Halliday, Associate
Mark Holloway, Associate
Chelsea Jenrette, Associate
Allegra Sachs, Associate

IP - Technology Transactions:
Gary Greenstein, Partner
Rachel Landy, Associate
Negin Mashaiee, Associate
Scott McKinney, Associate
Rachel Wilka, Associate
Fiona Finlay-Hunt, Associate

Employee Benefits and Compensation:
Sriram Krishnamurthy, Partner
David Thomas, Partner
Michael Montfort, Counsel
Christa Sanchez, Associate

Tax:
Eileen Marshall, Partner
Devin Heckman, Associate

Employment Law:
Matt Gorman, Associate

Privacy and Data Protection:
Matthew Staples, Of Counsel
Claire Readhead, Associate

Real Estate:
James McCann, Partner
Alison Weinberg-Fahey, Associate

Antitrust:
Paul Jin, Partner
Roisin Comerford, Associate

For more information, please see The Atlantic's press release.