Werthein Group agreed to acquire Vrio Corp. from AT&T Inc. (NYSE:T) on July 20, 2021. Until closing, all employees of Vrio will operate business as usual.

AT&T and Werthein Group expect that when the transaction closes, substantially all employees who support Vrio's operations today will transition to Werthein Group. The transaction is subject to customary closing conditions and is expected to close in early 2022. As of October 21, 2021, the transaction expect to close during the fourth quarter of 2021.

Paola Lozano, Ralph Pérez, Alejandro Gonzalez Lazzeri, Bruce Goldner, Oren Epstein, Edward Gonzalez, Erica Schohn, Joseph Penko, Kenneth Schwart, Rita Sinkfield Belin, Michael Leiter, George Panagakis, Jennifer Permesly of Skadden, Arps, Slate, Meagher & Flom LLP and Estanislao H. Olmos, Carlos E. Lombardi, Ignacio J. Minorini Lima, Gabriel Lozano and Paula Fernández Pfizenmaie of Bruchou Fernandez Madero & Lombardi acted as legal advisor to Werthein. The Goldman Sachs Group, Inc. and Eric M. Krautheimer, Werner Federico Ahlers, Kristen B. Klein, Ari B. Blaut, Nader A. Mousavi, Mark Schenkel and Isaac J. Wheeler of Sullivan & Cromwell LLP acted as financial and legal advisor to AT&T Inc. UBS Group AG acted as financial advisor to Werthein Group. Ariadna Artopoulos, Marcelo den Toom, Adrián Furman, Francisco Gutiérrez, Martín Torres Girotti and Rafael Manóvil of Bomchil acted as legal advisor to AT&T.