IBM Completes Landmark $34 Billion Acquisition of Red Hat

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, among others, counsel Kyle Seifried and Frances Mi; employee benefits partner Lawrence Witdorchic and counsel Jarrett Hoffman; finance partners Manuel Frey and Gregory Ezring; tax partners Jeffrey Samuels and Scott Sontag; intellectual property partner Claudine Meredith-Goujon and counsel Jonathan Ashtor; and securities partner John Kennedy.