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Reed Smith, Herbert Smith in as AOL buys $850m Bebo
0 The City arm of Reed Smith Richards Butler has picked up a profile-raising mandate on the $850m acquisition of social networking website Bebo by AOL. The firm’s London arm advised longstanding client Bebo on UK aspects of the deal, with senior associate Gregor Pryor leading a team that also included associates Krista James and Daniel Barnett. Internet giant AOL looked to regular adviser Herbert Smith for UK advice.Bebo was advised in the US by Weil Gotshal & Manges, for whom corporate partners Kyle Krpata and Dick Millard took the main roles, while Simpson Thatcher & Bartlett advised AOL.
