WKB law firm advised Intel Corporation on the Polish aspects of its acquisition of Habana Labs, an Israeli company specializing in the design of processors for machine learning and artificial intelligence applications. The transaction, worth approximately two billion dollars, was announced on 16 December 2019.
WKB’s lawyers assisted Intel Corporation with legal due diligence in respect of the Polish subsidiary of Habana Labs (Habana Labs sp. z o.o.), advice on various aspects of the transaction documents relating to the Polish subsidiary or its employees, and closing actions and post-closing notifications relating to the Polish subsidiary.
WKB’s team was led by Jakub Jędrzejak and Ben Davey, who were supported by Dominik Kulpa (with respect to general transactional matters), Wioleta Polak and Michał Hady (with regard to employment law matters), Agnieszka Wiercińska-Krużewska, Maria Obara-Piszewska and Agata Mielczarek (with regard to intellectual property matters) and Łukasz Czekański and Agnieszka Kośla (with regard to tax matters).
Paul Hastings acted as Intel Corporation’s global counsel on the transaction.
Habana Labs was founded in Tel Aviv in 2016. While the company’s main office is located in Israel, it also has offices in San Jose, Beijing and Gdańsk (where it also operates a R+D lab). As at the transaction’s closing, Habana Labs had obtained external investment amounting to 120 million USD. Following its acquisition by Intel, Habana Labs will remain an independent business unit within Intel’s Data Platforms Group, which focuses on AI products.
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