Technology

Cravath represented the borrower, FactSet Research Systems Inc., in connection with the arrangement of $1.5 billion of credit facilities used to refinance existing indebtedness and for working capital and other general corporate purposes. The facilities consisted of a $1 billion revolving credit facility and a $500 million term loan facility. The transactions closed on April 8, 2025.

Cravath represented the underwriters in connection with the $4 billion registered senior notes offering of Dell International L.L.C. and EMC Corporation. Dell International L.L.C. and EMC Corporation are wholly‑owned subsidiaries of Dell Technologies, a leading integrated technology solutions provider in the IT industry. The transaction closed on April 1, 2025.

On April 7, 2025, IBM announced it has acquired Hakkoda Inc., a leading global data and AI consultancy. Hakkoda will expand IBM Consulting's data transformation services portfolio, adding specialized data platform expertise to help clients get their data ready to fuel AI‑powered business operations. Cravath is representing IBM in connection with the transaction.

Cravath represented ADT Inc. in connection with the $613.4 million registered secondary offering of common stock and share repurchase by certain entities managed by affiliates of Apollo Global Management, Inc. ADT Inc. is a leading provider of security, interactive, and smart home solutions. The transaction closed on March 4, 2025.

On March 18, 2025, Wiz, Inc. (“Wiz”), a leading cloud security platform headquartered in New York, and Google LLC (“Google”) announced they have signed a definitive agreement for Google to acquire Wiz for $32 billion, subject to closing adjustments, in an all‑cash transaction. Once closed, Wiz will join Google Cloud. Cravath is representing Wiz as regulatory counsel in connection with the transaction.

On April 28, 2025, Cravath partner David J. Kappos participated in Licensing Executives Society International’s annual conference, LESI2025, which was held from April 27‑29 in Singapore. Dave spoke on a panel entitled “The Future of Smart Cities: Navigating the Intersection of Innovation, Technology and Intellectual Property,” which examined the evolving landscape of smart cities and the roles of intellectual property, innovation and technology in fostering sustainable development.

On April 18, 2025, Cravath partner Jesse M. Weiss participated in the Penn Carey Law Antitrust Association’s annual symposium, which was held at the University of Pennsylvania in Philadelphia. The symposium, entitled “Silicon Valley and the Sherman Act: Monopolization and Information Sharing in the Age of AI,” convened academics and antitrust practitioners to discuss topics related to monopolization and the implications of advancements in AI and technology for antitrust law. Jesse spoke on a panel about monopolization cases and issues in technology industries.

On April 25, 2025, Cravath partners Sasha Rosenthal‑Larrea and Sharonmoyee Goswami participated in Fordham Law School’s 32nd Annual Intellectual Property Law & Policy Conference, which took place from April 24‑25 in New York. The conference convened experts across the public and private sectors to discuss developments in the IP law and policy space. Sasha spoke on a panel entitled “Artificial Intelligence” during a session on copyright law, and Sharon spoke on a panel entitled “Patents & Remedies” during a session on patent law.

In March 2025, the Court Modernization Action Committee (“CMAC”) published its 2024 progress report, entitled the “2024 New York State Court Modernization Progress Report,” co-authored by Cravath of counsel and CMAC Co-Chair Scott B. Reents. The report outlines the continued progress of the New York State Courts in 2024, with recommendations for expanding and refining the use of virtual proceedings and enhancing systems for communicating with court users, among other improvements. The CMAC was formed by the New York State Unified Court System judicial leadership to advance court innovations.

Cravath partners David J. Kappos, Noah Joshua Phillips and Nicholas A. Dorsey participated in Cornell Tech’s Board of Directors Forum, which was held from March 26‑27, 2025 in New York. The forum, designed for board members and senior leaders, convened business and legal practitioners, Cornell faculty, former senior government regulators and directors of private and public companies to discuss how corporate boards can stay ahead of developing technologies, regulatory trends and geopolitical shifts.