IBM Subsidiary Red Hat Completes Acquisition of Neural Magic

Paul, Weiss advised IBM on its subsidiary Red Hat, Inc.’s acquisition of Neural Magic, a pioneer in software and algorithms that speed up generative AI inference workloads. Red Hat is the world’s leading provider of open source software solutions, and the acquisition aims to enhance its ability to support large language models. Financial terms of the transaction were not disclosed.

The Paul, Weiss team is led by corporate partner Steven Williams and includes partner Dotun Obadina; executive compensation partner Jarrett Hoffman; intellectual property partners Jonathan Ashtor and Brianna van Kan; tax partners Scott Sontag and Sohail Itani; antitrust partners Joshua Soven, Nicole Kar, Marta Kelly and Yuni Sobel, and counsel Chad de Souza and John Magruder; litigation partner Katherine Forrest, and counsel Audrey Paquet and Pietro Signoracci; and real estate partner Peter Fisch.