Sotheby’s Acquires 100 Percent of Thread Genius Outstanding Common StockJanuary 23, 2018
A subsidiary of S&C client Sotheby’s acquired 100 percent of the outstanding shares of common stock of Thread Genius, a New York-based technology start-up with a focus on artificial intelligence (including machine learning algorithms). The two founders of Thread Genius entered into employment arrangements with Sotheby’s in connection with the transaction and will assist Sotheby’s development of innovative data products and services.
The S&C team advising Sotheby’s was led by Melissa Sawyer, along with Lee Parnes and Shuting Lu. Kelsey Baldwin advised on employment matters; Mehdi Ansari, Joshua Steinberger and Nicole Sharer advised on intellectual property matters; and Max O’Neill advised on tax matters.