Latham & Watkins Advises AMD on US$8.2 Billion Acquisition of World Labs

AMD (Nasdaq: AMD) has announced that it has entered into a definitive agreement to acquire World Labs, an AI model and research lab led by AI pioneer Dr. Fei-Fei Li. The acquisition will bring a world-class team of researchers and model experts to AMD, strengthening its ability to develop AI hardware, software, and systems around the needs of emerging models and applications. The all-stock transaction is valued at approximately US$8.2 billion and is expected to close by the end of 2026, subject to regulatory approvals and other customary closing conditions.

Latham & Watkins LLP represents AMD in the transaction with a corporate deal team led by Bay Area partners Tad Freese and Mark Bekheit, with associates Christopher Lim,* Min Oh,** Sabine Dahi, and Kelsey MacKinnon. Advice was also provided on tax matters by Bay Area partner Grace Lee, with associate Derek Gumm* and assistance from Tripp Haskins; on compensation and benefits matters by Bay Area partners James Metz and James Robinson, with associates Will Fowler and Heather Jäger; on labor and employment matters by Chicago partner Nineveh Alkhas, with associates Jenny Bobbitt and Lauren Stark; on data privacy and cybersecurity matters by Houston/Austin partner Robert Brown, with associate Sarah Zahedi; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associates Andrew Abokhair and Saúl Aguirre-Villarreal; on insurance matters by Los Angeles partner Harrison White, with associate Enrique Covarrubias; on capital markets matters by Bay Area partner Richard Kim; on US antitrust matters by Bay Area partner Kelly Fayne and Washington, D.C. partners Mandy Reeves and Patrick English, with senior merger control attorney Matthew Piehl; on ex-US antitrust matters by Brussels partners Héctor Armengod and Philipp Studt, London partner Stephanie Adams, and Frankfurt counsel Nils Bremer; on real estate matters by New York counsel Karen Ritter, with associate Adrianna Robakowski; and on regulatory matters by Washington, D.C. partner Damara Chambers and Washington, D.C. counsel Cate Behles.

*Admitted to practice in California.
**Admitted to practice in Ontario.