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IBM Completes Landmark $34 Billion Acquisition of Red Hat
- Client News
- July 11, 2019
Paul, Weiss advised International Business Machines Corp. in its all-cash acquisition of Red Hat Inc., creating the world’s largest hybrid cloud provider. Under the terms of the deal, IBM acquired Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion. The deal represents IBM’s largest-ever transaction.
The Paul, Weiss team was led by corporate partners Scott Barshay and Steven Williams and includes counsel Kyle Seifried and Frances Mi; employee benefits partner Lawrence Witdorchic and counsel Jarrett Hoffman; finance partners Manuel Frey and Gregory Ezring and counsel Caith Kushner; tax partners Jeffrey Samuels and Scott Sontag; intellectual property partner Claudine Meredith-Goujon and counsel Jonathan Ashtor; and securities partner John Kennedy.