Simpson Thacher represented Yahoo in connection with its acquisition of CommonStock. Terms of the deal were not disclosed.
Launched in August 2020, CommonStock has emerged as a popular social media platform for retail investors that enables users to link their brokerage accounts, share their portfolio's performance, and discuss their trades and strategies.
The Simpson Thacher team included Beini Chen and John Larkin (M&A); Larry Moss, Kristy L. Fields and Matias M. Botto (Executive Compensation and Employee Benefits); Russell Light (Tax); Lori E. Lesser and Bobbie J. Burrows (Intellectual Property); and Brian Steinhardt (Credit).