On April 4, 2022, AMD announced a definitive agreement to acquire Pensando for approximately $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. The acquisition is expected to close in the second quarter of 2022, following satisfaction of customary closing conditions including approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Wilson Sonsini Goodrich & Rosati is representing Pensando in the transaction. The team included:

Corporate / M&A
Marty Korman
Jenn Knapp
Kathy Ku
Andrew Collins
Stacy Lee
Alex Weber
Brandon Mayhew
Erica Zhao

Technology Transactions
John McGaraghan
Audrey Garfield
Barclay Oudersluys
Sarah delos Santos

Tax
Myra Sutanto Shen
Brandon King

Employment Litigation
Rebecca Stuart
Neil Gulyako

Employee Benefits and Compensation
Michelle Wallin
Gregory Hughes
Jason Chan

National Security
Stephen Heifetz
Jahna Hartwig
Jonathan Davey

Patents and Innovations
U.P. Peter Eng
Scott Burkette
Shuaimin Liu
Danika Gregory

Antitrust
Rachel Gray
Kimberley Biagioli

Delaware
Ryan Greecher
Amy Simmerman
Jason Schoenberg

Privacy
Matthew Staples
Daniel Chen
Mudasar Khan

Debt
John Mao

Real Estate/Environmental
James McCann
Martin Sul

For more information, please see the press release. Further coverage can be found at Law360.