S&C, Skadden, Cravath, Weil Help Close Murdoch Saga for $3.3B

The law firms Sullivan & Cromwell, Skadden, Arps, Slate, Meagher & Flom, Cravath, Swaine & Moore, and Weil, Gotshal & Manges played key roles in settling a long-standing dispute within the Murdoch family. In what essentially resembled a merger and acquisition deal, three siblings were bought out for $1.1 billion each, while three others established a new trust.