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Cravath Publishes Winter 2026 Issue of Alumni Journal

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News & Insights

IBM’s Acquisition of Platform Solutions

July 07, 2008

Cravath represented IBM in its acquisition of Platform Solutions, Inc. (“PSI”), a privately held technology company headquartered in Sunnyvale, California. As part of this acquisition, PSI’s technologies and employees will become part of the IBM System z business unit of the IBM Systems and Technology Group, and PSI’s technologies will become part of IBM’s long-term mainframe product engineering cycles and part of IBM’s future product plans. The lawyers involved in this acquisition are partners George E. Zobitz and George F. Schoen, associates Christopher S. Harrison, Kylie M. Lane and Raneshia L. Smith and summer associates Kenneth S. Gerold and David L. Selinger on corporate matters; practice area attorney Matthew Morreale on environmental matters; partner Andrew W. Needham, associates Vinay Shandal and Luke A. Facer and summer associate Ilya O. Podolyako on tax matters; and senior attorney Rolf Zaiss and associate Jarrett R. Hoffman on executive compensation and benefits matters. The deal was announced on July 2, 2008.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Environmental
  • Tax
  • Executive Compensation and Benefits
  • Technology
  • Professional Services

People

Name
George E. Zobitz
Title
Corporate
Title
Partner
Email
jzobitz@cravath.com
Phone
+1-212-474-1996
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    Education

    • J.D., 1995, New York University School of Law
      with Honors, cum laude
    • B.A., 1991, Franklin & Marshall College

    Admitted In

    • New York
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    Name
    Matthew Morreale
    Title
    Corporate
    Title
    Partner
    Email
    mmorreale@cravath.com
    Phone
    +1-212-474-1534
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      Education

      • J.D., 1997, Columbia Law School
        Harlan Fiske Stone Scholar
      • M.S., 1994, University of Pennsylvania
      • B.A., 1990, University of Pennsylvania
      • B.A.S., 1990, University of Pennsylvania

      Admitted In

      • New York
      Photo
      Name
      Andrew W. Needham
      Title
      Tax
      Title
      Retired Partner
      Email
      aneedham@cravath.com
      Phone
      +1-212-474-1999
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        Education

        • M.B.A., 1992, The Wharton School of the University of Pennsylvania
        • LL.M., 1990, Georgetown University Law Center
        • J.D., 1986, Georgetown University Law Center
        • B.A., 1982, University of Arizona College of Law

        Related News & Insights

        Deals & Cases

        March 09, 2026

        Talkspace’s Acquisition by UHS

        On March 9, 2026, Universal Health Services, Inc. (“UHS”) announced that it has entered into a definitive agreement to acquire Talkspace, Inc. (“Talkspace”) for $5.25 per share. The enterprise value for the transaction is approximately $835 million. Cravath is representing Talkspace in connection with the transaction.

        Deals & Cases

        February 18, 2026

        Tenax’s Merger with Air

        On February 17, 2026, Tenax Aerospace Acquisition, LLC (“Tenax”) and Air Industries Group (“Air”) jointly announced that they have entered into an Agreement and Plan of Merger to combine Tenax’s special mission aviation business with Air’s precision aerospace manufacturing business. At the time of the merger, Air will issue shares of its common stock to holders of Tenax membership units. After the closing, Tenax shareholders are expected to own approximately 95% of Air’s outstanding shares while existing Air shareholders are expected to own approximately 5%, and the combined company expects to remain listed on the NYSE American under the symbol AIRI. Cravath is representing Tenax in connection with the transaction.

        Deals & Cases

        February 17, 2026

        Kennedy Wilson’s Acquisition by Consortium Led by William McMorrow and Fairfax

        On February 17, 2026, Kennedy‑Wilson Holdings, Inc. (“Kennedy Wilson”) and Fairfax Financial Holdings Limited (“Fairfax”) jointly announced that Kennedy Wilson has entered into a definitive agreement to be acquired, in an all cash‑transaction, by an entity affiliated with a consortium led by William McMorrow, Chairman and Chief Executive Officer of Kennedy Wilson, and certain other senior executives of Kennedy Wilson (collectively, the “KW Management Group”), together with Fairfax (collectively, the “Consortium”).

        Deals & Cases

        February 17, 2026

        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.

        Cravath Bicentennial

        Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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