Tesla Motors $2.6 billion acquisition of SolarCity

Overview:

• Tesla Motors has acquired solar panel installer SolarCity in a $2.6 billion deal.
• Tesla CEO Elon Musk is the largest shareholder in both companies.
• The acquisition will double the size of Tesla's workforce.
• Wachtell Lipton Rosen & Katz (David Karp, Ronald Chen, Gregory Pessin) advised Tesla.
• Skadden Arps Slate Meagher & Flom (Thomas Ivey, Kenton King, Leif King, David Kitchen) advised SolarCity.
• Kirkland & Ellis (Scott Salk, Sarkis Jebejian, John Kupiec) represented SolarCity special committee financial adviser Lazard.

Kurt Stumpo - Journalist - North America and the Caribbean