June 01, 2015
Weil is advising Intel Corporation in its definitive agreement to acquire Altera Corporation in an all-cash transaction valued at approximately $16.7 billion. The deal will integrate Intel’s leading-edge products and manufacturing process with Altera’s field-programmable gate array technology, enabling new classes of products in the data center and Internet of Things market segments. As part of the transaction, Altera will become an Intel business unit to facilitate continuity of existing and new customer sales and support. The deal is subject to customary closing conditions.
The Weil team advising Intel is led by Corporate Chairman Michael Aiello and includes senior associate Sachin Kohli, and associates Christopher Hagenbuch, Ryne Saxe, Dening Kong, Adam Templeton, Jacqui Bogucki, Sara Fiorillo, Sarah Damerville, Katherine Meister, Ginger Ellison and Daniel Cohen (not yet admitted); Technology & IP Transactions partners Karen Ballack and Jeffrey Osterman and associates Dennis Adams, Caroline Geiger, Eric Leventhal, Nick Sinclair, Christine Paik and Claudia Hoeben (not yet admitted); Patent Litigation partners Anne Cappella and Garland Stephens and associates Justin Constant, Robert Vlasis and Anant Pradhan; Cybersecurity, Data Privacy & Information Management partner Randi Singer and associate Teresa Brady; White Collar Defense, Regulatory and Investigations head Steven Tyrrell and associate Eileen Citron; Antitrust partner Jeff Perry and associate Kristin Sanford; Real Estate partner Samuel Zylberberg and associate Robert Shmalo; Environmental partner Annemargaret Connolly and counsel Thomas Goslin and John O’Loughlin; Tax associate Eric Remijan; Executive Compensation & Benefits head Paul Wessel, counsel Steven Margolis and associates Jennifer Britz and Paula Han; and International Arbitration & Trade associate Erin Yates.