New York – July 23, 2007 – LAWFUEL – The Law Firm Newswire – Debevoise & Plimpton LLP is advising an investor group led by Lewis W. Dickey, Jr., Chairman, President and Chief Executive Officer of Cumulus Media Inc., and an affiliate of Merrill Lynch Global Private Equity in connection with the execution of a definitive merger agreement under which the investor group will acquire Cumulus in a transaction valued at approximately $1.3 billion.
Merrill Lynch Global Private Equity is the private equity investment arm of Merrill Lynch & Co., Inc. Cumulus Media Inc. is the second-largest radio company in the United States based on station count. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team includes partners Franci J. Blassberg and Stephen R.
Hertz and associates Stefan P. Stauder and Suzie C. Alway.
Jones Day also advised the investor group.