⁍ Latham & Watkins advised Advanced Micro Devices on its $35 billion acquisition of Xilinx.
⁍ Skadden, Arps, Slate, Meagher & Flom advised on the all-stock transaction.
⁍ Last week, five law firms, including Skadden, landed roles on South Korean semiconductor company SK Hynix Inc’s $9 billion acquisition of Intel Corp’s NAND memory chip business.
– Advanced Micro Devices has agreed to buy rival Intel in a $35 billion deal that will create the world’s No. 1 maker of microprocessors, reports the Wall Street Journal. Latham & Watkins and Skadden, Arps, Slate, Meagher & Flom will be the firms advising on the deal, which still must be approved by both boards of directors of both companies. The move follows Intel’s $9 billion deal with South Korean rival SK Hynix last week, notes Westlaw Today.
Source: https://www.reuters.com/article/latham-skadden-steer-35-bln-chip-maker-t/latham-skadden-steer-35-bln-chip-maker-tie-up-for-amd-xilinx-idUSL1N2HI386