Five firms guide $9 bln Intel chip business sale to SK Hynix – Reuters

Five law firms have landed roles on South Korean semiconductor company SK Hynix Inc’s $9 billion acquisition of Intel Corp’s NAND memory chip business.

Skadden, Arps, Slate, Meagher & Flom and Shanghai-based Fangda Partners advised SK Hynix on the all-cash deal announced Tuesday, which would propel the South Korean chipmaker to second in the NAND memory industry by market share, behind Samsung Electronics Co Ltd. Munger, Tolles & Olson; Wilmer Cutler Pickering Hale and Dorr; Linklaters; and South Korean firm Bae, Kim & Lee represented Intel.

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