Artificial intelligence control tower company ServiceNow, led by Freshfields LLP, on Tuesday announced plans to acquire cyber exposure management company Armis, advised by Willkie Farr & Gallagher LLP, in a $7.75 billion cash deal.
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Mergers & Acquisitions
THURSDAY, DECEMBER 25, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Freshfields-Led ServiceNow Buys Armis In $7.75B Cash Deal

By Jade Martinez-Pogue

Artificial intelligence control tower company ServiceNow, led by Freshfields LLP, on Tuesday announced plans to acquire cyber exposure management company Armis, advised by Willkie Farr & Gallagher LLP, in a $7.75 billion cash deal.

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Milbank-Led Metlen Energy Sells Chilean Portfolio For $865M

By Dawood Fakhir

Metlen Energy & Metals said Tuesday that it has sold the majority of its energy business in Chile to power company Glenfarne for $865 million in a deal guided by Milbank LLP, Larrain y Asociados Ltda., Paul Hastings LLP, White & Case LLP and Claro & Cia.

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Clifford Chance Helps Harman Buy Driver Tech Biz For €1.5B

By Najiyya Budaly

U.S. automotive and audio giant Harman International said Tuesday that it will buy the in-car technologies business of ZF Group AG of Germany in a deal worth €1.5 billion ($1.8 billion) to improve its vehicle intelligence products.

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Edinburgh Worldwide Tells Investors To Reject Saba Bid

By Tom Fish

British investment company Edinburgh Worldwide urged its shareholders on Tuesday to vote against a renewed takeover effort by U.S. hedge fund Saba Capital Management, saying the activist investor's proposals threaten the trust's strategy and its stakeholders' long-term interests. 

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DELAWARE

Top Delaware Chancery Cases Of 2025: A Year-End Report

By Jarek Rutz

The Delaware Chancery Court closed out 2025 amid a period of institutional uncertainty, as landmark cases addressing fiduciary duty, executive compensation, board oversight and the limits of equitable power unfolded against the backdrop of sweeping legislative changes to the Delaware General Corporation Law.

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DEALS AND FINANCING

Brief

Jones Day-Led VSE Seals $350M Aero 3 Acquisition

By Jade Martinez-Pogue

Aviation aftermarket distribution and repair services company VSE Corp., advised by Jones Day, on Tuesday revealed that it closed its $350 million acquisition of aircraft parts distribution and maintenance services provider Aero 3 Inc., led by Winston & Strawn LLP.

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Greenberg Traurig-Led Silicon Valley SPAC Raises $200M

By Jade Martinez-Pogue

Special purpose acquisition company Silicon Valley Acquisition Corp. began trading publicly on Tuesday after raising $200 million in its initial public offering, with plans to pursue an acquisition of a company undergoing "structural transformation."

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LITIGATION

Disney Wants ESPN Streaming Rates Suit Sent To Arbitration

By Jared Foretek

Disney is seeking to force a proposed class of Fubo subscribers to arbitrate their claims that Disney unlawfully made streaming services pay inflated rates for ESPN and other sports channels, telling a California federal judge that the company can enforce Fubo's arbitration clause after its purchase of the streamer.

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Feature

Top North Carolina Cases Of 2025

By Hayley Fowler

A sweep of settlements in major lawsuits punctuated the second half of the year in North Carolina, from a record-breaking wrongful death deal to an eleventh-hour resolution in a lending fight over a biogas development project. Here are some of the top North Carolina case outcomes in the second half of 2025.

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BANKRUPTCY

Judge Says Ashley Stewart Ch. 11 Was Unauthorized

By Rick Archer

A New Jersey bankruptcy judge on Tuesday dismissed the Chapter 11 case of plus-size clothing retailer Ashley Stewart, saying it had been filed without proper authority by board members appointed in violation of a state court order.

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LEGAL INDUSTRY

3 Key Trends For The Legal Industry In 2025

By Tracey Read

Executive orders, updated office attendance policies and private equity interests were three top issues that shaped the industry this year.

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ITC Atty's 1st Kids' Book Imagines A Santa-Less Christmas

By Dani Kass

Michelle Klancnik, assistant general counsel at the U.S. International Trade Commission, spends her days looking into when imports should be banned for violating intellectual property rights, but outside work, she​'s focused on one big question: What would happen if Santa took a year off?

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Ex-Oura CEO Pushes To DQ Quinn Emanuel In Firing Suit

By Emily Sawicki

The onetime CEO of fitness tracker company Oura Health is pushing to disqualify Quinn Emanuel from representing the smart ring maker in his compensation suit, telling a San Francisco federal judge that he shared confidential information when he consulted with the firm about his claims prior to filing suit.

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NYC Bar Issues Opinion On AI Use For Recording Client Calls

By Tracey Read

The New York City Bar Association's Professional Ethics Committee has issued an opinion addressing how the New York Rules of Professional Conduct impacts the use of artificial intelligence tools to record, transcribe and create summaries of conversations in audio and video calls between attorneys and their clients.

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Ex-DOJ Employees Fight Gov't Bid To Toss Their Firing Suit

By Bonnie Eslinger

An ex-assistant U.S. attorney and two other former Justice Department employees urged a Washington, D.C., federal court on Tuesday to deny the government's motion to dismiss their lawsuit claiming they were unlawfully fired, arguing an internal government employment board isn't appropriate for their cases and is controlled by President Donald Trump.

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Hub Hires: Cooley, Morgan Lewis, Nixon Peabody

By Chris Villani

The end of the year marked the beginning of new chapters for plenty of Boston attorneys, as Cooley added more than 30 professionals to its life sciences team, Morgan Lewis snagged an intellectual property partner, and Nixon Peabody beefed up its cybersecurity practice.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Arnall Golden

Burakiewicz & DePriest

Burr & Forman

Clifford Chance

Cooley LLP

Covington & Burling

Dechert LLP

Dentons

DiCello Levitt

Duane Morris

Dynamis LLP

Foley & Lardner

Freshfields

Gleiss Lutz

Goodwin Procter

Greenberg Traurig

Hargrove Firm

Hogan Lovells

Holland & Knight

Jenner & Block

Jones Day

Kirkland & Ellis

Latham & Watkins

Lite DePalma

Loeb & Loeb

Lowell & Associates

Mandelbaum Barrett

Mark S. Zaid PC

McDermott Will & Schulte

McGuireWoods

McManimon Scotland

Milbank LLP

Morgan Lewis

Nixon Peabody

O'Melveny & Myers

Paul Hastings

Paul Weiss

Perkins Coie

Quinn Emanuel

Robb & Robb

Schwartz White

Shipman & Goodwin

Simpson Thacher & Bartlett LLP

Skadden Arps

Stephenson Harwood

Susman Godfrey

Troutman

White & Case

Willkie Farr

WilmerHale

Winston & Strawn

COMPANIES IN TODAY'S NEWS

Activision Blizzard Inc.

Armis Inc.

Ashley Stewart Holdings Inc.

Astris Finance LLC

BNP Paribas SA

Baillie Gifford & Co.

Bang & Olufsen A/S

ESPN Inc.

GenNx360 Capital Partners

George Washington University

HCA Healthcare Inc.

London Stock Exchange Group PLC

Microsoft Corp.

NASCAR Digital Media LLC

Nasdaq Inc.

New York City Bar Association

Nike Inc.

Saba Capital Management LP

Samsung Electronics Co. Ltd.

ServiceNow Inc.

Stanford University

Tesla Inc.

The Boeing Co.

The DIRECTV Group Inc.

The Trade Desk Inc.

The Walt Disney Co.

TripAdvisor Inc.

VSE Corp.

Wingspire Capital LLC

YouTube Inc.

iHeartMedia Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Delaware General Assembly

Equal Employment Opportunity Commission

Executive Office of the President

International Trade Commission

U.S. Attorney's Office

U.S. Bankruptcy Court for the District of New Jersey

U.S. Court of Appeals for the Federal Circuit

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the District of Columbia

U.S. District Court for the Northern District of California

U.S. Merit Systems Protection Board

U.S. Securities and Exchange Commission