Cravath Publishes Winter 2026 Issue of Alumni Journal
Technology
Cravath is at the forefront of market and legal trends in the technology industry and represents many of the most highly regarded technology companies ranging from entrepreneurial startups to blue chip global corporations. Technology issues often touch upon a variety of practice areas, and our nimble, cross‑disciplinary team draws on deep experience—including a sophisticated understanding of next‑generation and disruptive technologies—to quickly and efficiently handle the many interrelated elements of a complex transaction or litigation.
Bringing together extensive legal expertise, technical knowledge and business judgment, we advise clients navigating the intersection of cutting‑edge technology and novel legal issues across industries and practice areas. This comprehensive focus allows us to provide a holistic approach to our clients’ most pressing—and often unprecedented—concerns, including with respect to artificial intelligence (AI), blockchain and digital assets, data analytics, financial and infrastructure technologies, mobile devices, robotics, software and open source, and the Web3 ecosystem.
Our corporate expertise includes traditional transactional matters—such as mergers and acquisitions, joint ventures, financing transactions and governance considerations—as well as technology licensing and development transactions, strategic management of technology assets, and the establishment and optimization of technology development and commercialization programs. Our litigators have extensive experience with respect to patent, trade secret, antitrust, general commercial, securities and shareholder derivative litigation, as well as related advisory matters and investigations.
The transactions and cases we handle within the technology sector frequently involve complex intellectual property issues, often of major strategic and financial importance to our clients. We have expansive knowledge and experience with respect to these matters, including strategic counseling, portfolio development and licensing and other exploitation, and our team is well versed in navigating United States Patent and Trademark Office regulations. We also provide counsel with respect to the regulatory horizon, develop legal frameworks for data ownership and licensing, and handle the acquisition of data and AI technologies.
Our work in this space is routinely recognized by third-party publications, including Law360, which has named the Firm a Technology Practice Group of the Year, and New York Law Journal, which honored us with the “Innovation Award” for “creative and inspiring approaches and forward‑thinking firms.”
Bringing together extensive legal expertise, technical knowledge and business judgment, we advise clients navigating the intersection of cutting‑edge technology and novel legal issues across industries and practice areas. This comprehensive focus allows us to provide a holistic approach to our clients’ most pressing—and often unprecedented—concerns, including with respect to artificial intelligence (AI), blockchain and digital assets, data analytics, financial and infrastructure technologies, mobile devices, robotics, software and open source, and the Web3 ecosystem.
Our corporate expertise includes traditional transactional matters—such as mergers and acquisitions, joint ventures, financing transactions and governance considerations—as well as technology licensing and development transactions, strategic management of technology assets, and the establishment and optimization of technology development and commercialization programs. Our litigators have extensive experience with respect to patent, trade secret, antitrust, general commercial, securities and shareholder derivative litigation, as well as related advisory matters and investigations.
The transactions and cases we handle within the technology sector frequently involve complex intellectual property issues, often of major strategic and financial importance to our clients. We have expansive knowledge and experience with respect to these matters, including strategic counseling, portfolio development and licensing and other exploitation, and our team is well versed in navigating United States Patent and Trademark Office regulations. We also provide counsel with respect to the regulatory horizon, develop legal frameworks for data ownership and licensing, and handle the acquisition of data and AI technologies.
Our work in this space is routinely recognized by third-party publications, including Law360, which has named the Firm a Technology Practice Group of the Year, and New York Law Journal, which honored us with the “Innovation Award” for “creative and inspiring approaches and forward‑thinking firms.”
Deals & Cases
June 04, 2026
Level 3 Financing, Inc.’s $1 Billion High‑Yield Senior Notes Offering and Level 3 Financing, Inc., Lumen Technologies, Inc. and Qwest Capital Funding, Inc.’s Concurrent $750 Million Cash Tender Offers
Cravath represented the initial purchasers in connection with the $1 billion 144A/Reg. S high‑yield senior notes offering of Level 3 Financing, Inc., guaranteed by Level 3 Parent, LLC. Level 3 Financing, Inc. is a direct wholly‑owned subsidiary of Level 3 Parent, LLC and indirect wholly‑owned subsidiary of Lumen Technologies, Inc., a facilities-based technology and communications company that provides a broad array of integrated products and services. Cravath also represented the dealer managers in connection with Level 3 Financing, Inc., Lumen Technologies, Inc. and Qwest Capital Funding, Inc.'s concurrent $750 million cash tender offers. The transactions closed on May 21, 2026.
Deals & Cases
May 01, 2026
Integris’ Planned Acquisition of First Focus
On April 27, 2026, Integris, a national leader in managed AI and IT services backed by OMERS Private Equity, announced its intent, subject to regulatory approval, to acquire First Focus, the largest managed service provider serving small and midsize businesses in Australia, New Zealand and the Philippines. Cravath is representing Integris as U.S. counsel in connection with the transaction.
Deals & Cases
April 10, 2026
Expedia Group, Inc.’s $2.5 Billion Revolving Credit Facility
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $2.5 billion revolving credit facility made available to Expedia Group, Inc., one of the world’s largest online travel companies. The transaction closed on March 27, 2026.
Deals & Cases
April 06, 2026
Hewlett Packard Enterprise Company’s $2 Billion Registered Notes Offering
Cravath represented the underwriters in connection with the $2 billion registered notes offering of Hewlett Packard Enterprise Company, an industry leading technology company. The transaction closed on March 23, 2026.
Deals & Cases
April 06, 2026
Versigent’s $1.35 Billion Credit Facilities and $1.6 Billion High‑Yield Senior Notes Offering in Connection with Aptiv PLC’s Spin‑Off of Versigent
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with $1.35 billion of credit facilities made available to subsidiaries of Versigent Limited, a global leader in the design, development and manufacture of low voltage and high voltage electrical architectures and the holding company for Aptiv PLC’s Electrical Distribution Systems segment, which Aptiv PLC spun off into a separate, independent, publicly traded company. The proceeds were used to partially finance the spin‑off. The credit facilities consisted of a $500 million term loan facility and an $850 million revolving credit facility. The transaction closed on November 26, 2025.
Publications
May 29, 2026
Artificial Intelligence Developments – May 2026
On May 28, 2026, Cravath published the latest edition of its Artificial Intelligence Developments Newsletter, which includes a high‑level review of activity across technical, regulatory, legal, and market areas of AI over the last month.
Publications
May 22, 2026
Cravath Publishes Finance & Capital Markets Quarterly Review for Q1 2026
On May 22, 2026, Cravath published the latest edition of its Finance & Capital Markets Quarterly Review, which provides insight into practical points, key takeaways and relevant developments related to the bond, equity and loan markets and restructuring activity during the first quarter of 2026. Highlights from this edition include:
Publications
May 22, 2026
Cravath Publishes Quarterly Review on Q1 2026 Trends in M&A, Activism and Corporate Governance
On May 22, 2026, Cravath published the latest edition of its Quarterly Review, which provides insight into practical points, key takeaways and relevant developments across the M&A, activism, restructuring, regulatory and corporate governance landscape. This edition covers:
Activities
May 18, 2026
Dave Kappos Co‑Chairs the 2026 Best Practices in Intellectual Property 12th Annual Conference
On May 17, 2026, Cravath partner David J. Kappos participated in the Best Practices in Intellectual Property 12th Annual Conference, which was hosted by Intellectual Property Resources in Tel Aviv and featured global decision‑makers and leading IP professionals to discuss global IP issues, trends and legislation. Dave served as one of the program’s co‑chairs and delivered opening remarks. He also participated in a fireside chat entitled “IP in the Geopolitical Race,” and spoke on a panel entitled “AI Issues in Strategic Agreements.” Dave also moderated a panel entitled “SEPs, Patent Pools and Platform Issues.”
Activities
May 11, 2026
Lawdragon Names 6 Cravath Partners to its 2026 List of “500 Leading Global Cyber Lawyers”
On May 8, 2026, Lawdragon announced the inclusion of 6 Cravath partners in its annual list of the “500 Leading Global Cyber Lawyers.” The list, assembled based on research and vetting by peers, celebrates the lawyers who handle the most sensitive online threats to protect data and national security, fight for the digital rights of consumers against negligent companies and navigate the insurance, fintech and compliance aspects of complex tech transactions.
Deals & Cases
June 04, 2026
Level 3 Financing, Inc.’s $1 Billion High‑Yield Senior Notes Offering and Level 3 Financing, Inc., Lumen Technologies, Inc. and Qwest Capital Funding, Inc.’s Concurrent $750 Million Cash Tender Offers
Cravath represented the initial purchasers in connection with the $1 billion 144A/Reg. S high‑yield senior notes offering of Level 3 Financing, Inc., guaranteed by Level 3 Parent, LLC. Level 3 Financing, Inc. is a direct wholly‑owned subsidiary of Level 3 Parent, LLC and indirect wholly‑owned subsidiary of Lumen Technologies, Inc., a facilities-based technology and communications company that provides a broad array of integrated products and services. Cravath also represented the dealer managers in connection with Level 3 Financing, Inc., Lumen Technologies, Inc. and Qwest Capital Funding, Inc.'s concurrent $750 million cash tender offers. The transactions closed on May 21, 2026.
Deals & Cases
May 01, 2026
Integris’ Planned Acquisition of First Focus
On April 27, 2026, Integris, a national leader in managed AI and IT services backed by OMERS Private Equity, announced its intent, subject to regulatory approval, to acquire First Focus, the largest managed service provider serving small and midsize businesses in Australia, New Zealand and the Philippines. Cravath is representing Integris as U.S. counsel in connection with the transaction.
Deals & Cases
April 10, 2026
Expedia Group, Inc.’s $2.5 Billion Revolving Credit Facility
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $2.5 billion revolving credit facility made available to Expedia Group, Inc., one of the world’s largest online travel companies. The transaction closed on March 27, 2026.
Deals & Cases
April 06, 2026
Hewlett Packard Enterprise Company’s $2 Billion Registered Notes Offering
Cravath represented the underwriters in connection with the $2 billion registered notes offering of Hewlett Packard Enterprise Company, an industry leading technology company. The transaction closed on March 23, 2026.
Deals & Cases
April 06, 2026
Versigent’s $1.35 Billion Credit Facilities and $1.6 Billion High‑Yield Senior Notes Offering in Connection with Aptiv PLC’s Spin‑Off of Versigent
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with $1.35 billion of credit facilities made available to subsidiaries of Versigent Limited, a global leader in the design, development and manufacture of low voltage and high voltage electrical architectures and the holding company for Aptiv PLC’s Electrical Distribution Systems segment, which Aptiv PLC spun off into a separate, independent, publicly traded company. The proceeds were used to partially finance the spin‑off. The credit facilities consisted of a $500 million term loan facility and an $850 million revolving credit facility. The transaction closed on November 26, 2025.
Publications
May 29, 2026
Artificial Intelligence Developments – May 2026
On May 28, 2026, Cravath published the latest edition of its Artificial Intelligence Developments Newsletter, which includes a high‑level review of activity across technical, regulatory, legal, and market areas of AI over the last month.
Publications
May 22, 2026
Cravath Publishes Finance & Capital Markets Quarterly Review for Q1 2026
On May 22, 2026, Cravath published the latest edition of its Finance & Capital Markets Quarterly Review, which provides insight into practical points, key takeaways and relevant developments related to the bond, equity and loan markets and restructuring activity during the first quarter of 2026. Highlights from this edition include:
Publications
May 22, 2026
Cravath Publishes Quarterly Review on Q1 2026 Trends in M&A, Activism and Corporate Governance
On May 22, 2026, Cravath published the latest edition of its Quarterly Review, which provides insight into practical points, key takeaways and relevant developments across the M&A, activism, restructuring, regulatory and corporate governance landscape. This edition covers:
Activities
May 18, 2026
Dave Kappos Co‑Chairs the 2026 Best Practices in Intellectual Property 12th Annual Conference
On May 17, 2026, Cravath partner David J. Kappos participated in the Best Practices in Intellectual Property 12th Annual Conference, which was hosted by Intellectual Property Resources in Tel Aviv and featured global decision‑makers and leading IP professionals to discuss global IP issues, trends and legislation. Dave served as one of the program’s co‑chairs and delivered opening remarks. He also participated in a fireside chat entitled “IP in the Geopolitical Race,” and spoke on a panel entitled “AI Issues in Strategic Agreements.” Dave also moderated a panel entitled “SEPs, Patent Pools and Platform Issues.”
Activities
May 11, 2026
Lawdragon Names 6 Cravath Partners to its 2026 List of “500 Leading Global Cyber Lawyers”
On May 8, 2026, Lawdragon announced the inclusion of 6 Cravath partners in its annual list of the “500 Leading Global Cyber Lawyers.” The list, assembled based on research and vetting by peers, celebrates the lawyers who handle the most sensitive online threats to protect data and national security, fight for the digital rights of consumers against negligent companies and navigate the insurance, fintech and compliance aspects of complex tech transactions.
Cravath Bicentennial
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