Paksoy Serves as Turkish Counsel to Shearman & Sterling on Telus International's Acquisition of Lionbridge AI

Paksoy Serves as Turkish Counsel to Shearman & Sterling on Telus International's Acquisition of Lionbridge AI

Turkey
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Paksoy served as Turkish counsel to global counsel Shearman & Sterling on its provision of advice to Canada’s Telus International on the USD 935 million acquisition of Lionbridge AI. Kirkland & Ellis acted as legal advisor to Lionbridge AI.

The deal is expected to close on December 31, 2020.

Telus International, a subsidiary of Telus Corporation, is a provider of digital solutions in the areas of communications and information technology.

Lionbridge is a US-based provider of crowd-based training data and annotation platform solutions used in the development of artificial intelligence algorithms to power machine learning.

Paksoy’s team was led by Partner Stephanie Beghe Sonmez, who was supported by Associate Meric Sacak.

Shearman & Sterling’s team included Partners Scott Petepiece, Sean Skiffington, Doreen Ilienfeld, Jordan Altman, Jessica Delbaum, John Beahn, Alan Goudiss, Mallory Brennan, and Lona Nallengara, Counsels Jonathan Cheng, Sara Ashall, and Associates Andreas Piepers, Michael Kim, Melisa Brower, Sonia Khandekar, Maeve Wilson, and Noni Nelson.

The Kirkland & Ellis team consisted of Partners Tana Ryan, Michele Cumpston, Lee Morlock, and Josh McLane.