Shearman & Sterling represented Barclays Capital Inc., BNP Paribas Securities Corp. and Citigroup Global Markets Inc. as dealer managers in connection with an offer to purchase for cash any and all of $1.2 billion aggregate principal amount of Time Warner’s outstanding 6.75% Notes due 2011.

The following Shearman & Sterling team advised the underwriters in the transactions: partners Lisa Jacobs (New York-Capital Markets) and Craig Gibian (Washington, DC-Tax); associates Carmen Wong (New York-Capital Markets), Joe Sasanuma (New York-Capital Markets), Felipe Camara (New York-Capital Markets) and Gerald Feige (Washington, DC-Tax); and legal assistant Kristi Anne Nadvornik (New York-Capital Markets).