March 20, 2009 (Mountain View and San Francisco, CA – LAWFUEL) – Fenwick & West LLP represented Cisco Systems, Inc. (NASDAQ: CSCO) in its proposed acquisition of San Francisco, CA-based Pure Digital Technologies, Inc., the maker of Flip Video, the family of consumer-friendly and simple-to-use digital video cameras. Cisco will pay approximately $590 million in stock in exchange for all shares of Pure Digital. In addition, Cisco will provide up to $15 million in retention-based equity incentives for continuing employees. The transaction is subject to various standard closing conditions and is expected to close in the fourth quarter of Cisco’s fiscal year 2009.
More information about the transaction can be obtained from the Cisco Systems Web site.
The Fenwick & West transaction team included corporate attorneys Doug Cogen, Andrew Luh, Mariana Antcheva, Aviva Aminova, Cara Kitagawa, Tommie Wilson and Rita Tan; executive compensation and employee benefits attorneys Scott Spector, Liza Morgan and Gerald Audant; technology transactions attorneys Larry Granatelli, Lisa Kenkel, Mark Ostrau, Morgan Fong, Jennifer Stanley, Lance Stern, Greg Sato, Michael Egger, Spencer Glende, Diana Lock, Robert Dowers, Aaron Weiss and Michael Davis-Wilson; trademark attorney Meredith Pavia; and tax attorneys Ron Schrotenboer and Tim Fitzgibbon.