WKB has advised the Intel Corporation on Polish aspects of its acquisition of Habana Labs, an Israeli company specializing in the design of processors for machine learning and artificial intelligence applications. Paul Hastings was global counsel to the Intel Corporation on th deal, which was valued at approximately USD 2 billion.
According to WKB, "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 Gdansk. As at the transaction’s closing, Habana Labs had obtained external investment amounting to USD 120 million. Following its acquisition by Intel, Habana Labs will remain an independent business unit within Intel’s Data Platforms Group, which focuses on AI products."
WKB’s team was led by Partners Jakub Jedrzejak and Ben Davey and included Partners Wioleta Polak and Agnieszka Wiercinska-Kruzewska, Advocate Maria Obara-Piszewska, Attorneys at Law Michal Hady and Agnieszka Kosla, Lawyers Dominik Kulpa and Agata Mielczarek, and Counsel Lukasz Czekanski.
WKB did not reply to our inquiry on the matter.
