IBM to Acquire Red Hat in $34 Billion Deal

Paul, Weiss is advising 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 proposed deal, IBM will acquire 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 is led by corporate partners Scott Barshay and Steven Williams and includes, among others, corporate partner John Kennedy and 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; and intellectual property partner Claudine Meredith-Goujon and counsel Jonathan Ashtor.