IBM Subsidiary Red Hat to Acquire Neural Magic

Paul, Weiss is advising 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 counsel Dotun Obadina; executive compensation partner Jarrett Hoffman; tax partners Scott Sontag and Sohail Itani; intellectual property partner Jonathan Ashtor and counsel Brianna van Kan; antitrust partners Joshua Soven, Nicole Kar and Marta Kelly, 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.