AMD (NASDAQ: AMD) has announced a definitive agreement to acquire Pensando for approximately US$1.9 billion before working capital and other adjustments. Pensando’s distributed services platform includes a high-performance, fully programmable packet processor and comprehensive software stack that accelerate networking, security, storage and other services for cloud, enterprise and edge applications.
Latham & Watkins LLP represents AMD in the transaction with a corporate deal team led by Bay Area partner Tad Freese and Chicago partner Jonathan Solomon, with associates Jake Wasserman, Henna Jalal, Michael Magstadt, and Cyerra McGowan. Advice was also provided on antitrust matters by Washington, D.C. partners Amanda Reeves and Farrell Malone; on benefits and compensation matters by Bay Area partner James Metz, with associate James Robinson; on labor and employment matters by Chicago partner Nineveh Alkhas, with associate Laura Waller; on data privacy matters by Bay Area partner Robert Blamires and Washington, D.C. partner Marissa Boynton, with associates Adriana Beach and Jimmy Smith; on FCPA matters by Washington, D.C. partner Eric Volkman, with associate Matthew Gregory; on intellectual property matters by Bay Area partner Anthony Klein, with associates Fiona Gillan, Caroline Omotayo, and Soo Min Lim; on insurance matters by Los Angeles partner Drew Levin, with associate Harrison White; and on tax matters by Los Angeles partner Sam Weiner, with associate Pierce Pandolph.
Latham also represented AMD in its US$35 billion acquisition of Xilinx, which closed in February 2022.