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 Wilson Sonsini team representing Emerson Collective in the transaction includes:

Corporate/M&A:
Larry Sonsini
Donna Petkanics
Michael Labriola
Megan Baier
Mark Holloway
Allegra Sachs

IP - Technology Transactions:
Gary Greenstein
Scott McKinney

Employee Benefits and Compensation:
Sriram Krishnamurthy
David Thomas
Michael Montfort

Employment Law:
Matt Gorman

Privacy and Data Protection:
Matthew Staples

Real Estate:
James McCann

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