IBM’s Acquisition of Xtify
October 04, 2013
On October 3, 2013, IBM announced the acquisition of Xtify Inc., a leading provider of cloud‑based mobile messaging tools that help organizations improve mobile sales, drive in‑store traffic and engage customers with personalized offers. Cravath represented IBM in connection with this transaction. Financial terms were not disclosed.
The Cravath team included partner George F. Schoen and associate Jacquelyn N. Arcati on M&A matters; associates Jarrett R. Hoffman and Amy C. Benford on executive compensation and benefits matters; partner J. Leonard Teti II and associate Matthew O. Williams on tax matters; and partner Matthew Morreale on environmental matters. Edmund Mokhtarian also worked on M&A matters.
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People
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J.D., 2005, University of Virginia School of LawOrder of the Coif
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A.B., 1999, Princeton Universitywith Honors
- New York
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J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Pennsylvania
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B.A., 1990, University of Pennsylvania
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B.A.S., 1990, University of Pennsylvania
- New York
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Kennedy Wilson’s Acquisition by Consortium Led by William McMorrow and Fairfax
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MTN’s Proposed $6.2 Billion Acquisition of IHS
On February 17, 2026, MTN Group Limited (“MTN”), Africa’s largest mobile network operator, announced that it has entered into an agreement with IHS Holding Limited (“IHS”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world, to acquire the remaining shares of IHS not already owned by MTN in an all‑cash transaction at an offer price of $8.50 per IHS share, which implies an enterprise value of $6.2 billion. The structure of the transaction is intended such that, upon completion of IHS’ announced disposals of its Latin American businesses, MTN will acquire 100% of IHS’ African tower portfolio. Following the completion of the transaction, IHS will be de‑listed from the New York Stock Exchange. Cravath is representing MTN in connection with the transaction.
