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IBM to Acquire AI and Data Solution Provider DataStax
- Client News
- February 25, 2025
Paul, Weiss is advising IBM in its acquisition of AI and data solution provider DataStax. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions and regulatory approvals; financial details were not disclosed.
DataStax’s hundreds of customers include FedEx, Capital One, The Home Depot and Verizon. The acquisition will enhance IBM’s watsonx portfolio of products accelerating the use of generative AI.
The Paul, Weiss team is led by corporate partners Steven Williams and Dotun Obadina; executive compensation partner Jarrett Hoffman; tax partners Scott Sontag and Sohail Itani; antitrust partners Joshua Soven, Nicole Kar, Katharine Haigh and Marta Kelly, and counsel John Magruder, Chad de Souza and Sophie Chen; intellectual property partners Jonathan Ashtor and Brianna van Kan; real estate partner Peter Fisch; and litigation counsel Audrey Paquet.