IBM to Acquire HashiCorp in $6.4 Billion Deal

Paul, Weiss is advising IBM in its all-cash acquisition of leading multi-cloud infrastructure automation company HashiCorp Inc. for $35 per share, representing an enterprise value of $6.4 billion. Marking a continuation of IBM's deep focus and investment in hybrid cloud and AI, the deal will create a comprehensive end-to-end hybrid cloud platform built for AI-driven complexity, delivering extensive application, infrastructure and security lifecycle management capabilities to clients. The transaction is expected to close by the end of 2024.

The Paul, Weiss team is led by Steve Williams and Dotun Obadina, and includes corporate counsel David Sobel; executive compensation partner Jarrett Hoffman and counsel Christopher Gonnella, Alexandra Ritschard, Teri Tillman and Mo Kahn; intellectual property partner Jonathan Ashtor and counsel Brianna van Kan; tax partners Sohail Itani and Scott Sontag; litigation partners Joshua Soven and John Carlin, and counsel Steven Herzog and Pietro Signoracci; real estate partner Peter Fisch; and antitrust counsel Marta Kelly.