AMD (NASDAQ: AMD) and Xilinx (NASDAQ: XLNX) have announced they have entered into a definitive agreement for AMD to acquire Xilinx in an all-stock transaction valued at $35 billion. The combination will create the industry’s leading high performance computing company, significantly expanding the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established leader. The transaction is expected to be immediately accretive to AMD margins, EPS and free cash flow generation and deliver industry-leading growth.
Latham & Watkins LLP represents AMD in the transaction with a corporate team led by Bay Area partner Tad Freese and Chicago partner Jonny Solomon, with Chicago associates Owen Alexander, Matthew Dixon, Joyce Li, Jacob Saslow, and New York associates Aubrey Steiger and Ozden Samur-LaBruna. Advice was also provided on capital markets matters by Bay Area partner Brian Paulson and Chicago partner Roderick Branch, with Chicago associate Austin Arnett; on Benefits and compensation matters by Bay Area partner James Metz, with Bay Area associate James Robinson; on technology transactions matters by Bay Area partner Tony Klein, with Bay Area associates Gil Halpern, Heather Lui, Andrew Huang, and Los Angeles associates Veronica Ye and Nicole Nour; on intellectual property matters by Bay Area partner Rick Frenkel; on tax matters by Los Angeles partner Sam Weiner and Washington, D.C. partner Nicholas DeNovio, with Boston associate Joseph Curran; on antitrust matters by Washington, D.C. partners Mandy Reeves and Farrell Malone, with Brussels counsel Tomas Nilsson and Bay Area associate Kelly Fayne; on regulatory matters by Chicago associate Meredith Monroe; on export control matters by Washington, D.C. counsel Rachel Alpert, with Washington, D.C. associate Elizabeth Annis; on real estate matters by Chicago associate John Jefferson; on environmental matters by Chicago counsel Sara Orr; on government contracts matters by Washington, D.C. counsel Kyle Jefcoat, with Washington, D.C. associate Chase Chesser; on general litigation matters by New York partner Jason Hegt and Bay Area partner Matthew Rawlinson; and on finance matters by Los Angeles partner Elizabeth Oh and Bay Area partner Haim Zaltzman.