Kirkland Advises Lionbridge AI on $935 Million Sale to TELUS
Kirkland & Ellis counseled Lionbridge AI in its execution of a definitive agreement to be acquired by TELUS International, a subsidiary of TELUS Corporation (T-TSX; NYSE-TU) and a provider of digital customer experience (CX) innovator that designs, builds and delivers next-generation solutions for global and disruptive brands. Lionbridge AI is a market-leading global provider of crowd-based training data and annotation platform solutions used in the development of AI algorithms to power machine learning. The acquisition will be at a purchase price of approximately C$1.2 billion (approximately US$935 million), subject to customary closing adjustments, and is anticipated to close on December 31, 2020.
The Kirkland team was led by transactional partners Tana Ryan and Michele Cumpston and tax partners Lee Morlock and Josh McLane.
