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9.22.23
Wilson Sonsini Advises Roblox on Acquisition of Speechly
On September 20, 2023, Roblox announced it acquired Speechly, a leading provider of speech recognition tools for voice chat moderation. Founded in 2016, Speechly's mission is to use voice technology to enable more delightful human computer voice interactions, and to empower and enhance communication between people. Speechly developed a speech recognition product that allowed fast, real-time and cost-efficient voice moderation helping developers reduce toxic behavior in online communities. Roblox is building the leading platform for 3D immersive communication and connection. With the addition of Speechly's new voice features, Roblox is solving new challenges—moderating spoken language in real time. Terms of the transaction were not disclosed.
Client Highlights
6.29.23
Wilson Sonsini Advises Pismo on $1 Billion Acquisition by Visa
On June 28, 2023, Visa announced it has signed a definitive agreement to acquire Pismo, a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific, and Europe, for $1 billion in cash. Wilson Sonsini Goodrich & Rosati advised Pismo on the transaction.
By acquiring Pismo, Visa will be positioned to provide core banking and issuer processing capabilities across debit, prepaid, credit and commercial cards for clients via cloud native APIs. Pismo’s platform will also enable Visa to provide support and connectivity for emerging payment rails, like Pix in Brazil, for financial institution clients. After the transaction is complete, Pismo will retain its current management team. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close by the end of 2023.
By acquiring Pismo, Visa will be positioned to provide core banking and issuer processing capabilities across debit, prepaid, credit and commercial cards for clients via cloud native APIs. Pismo’s platform will also enable Visa to provide support and connectivity for emerging payment rails, like Pix in Brazil, for financial institution clients. After the transaction is complete, Pismo will retain its current management team. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close by the end of 2023.
News Articles
6.01.23
2023 Chambers USA Guide Recognizes Wilson Sonsini Practices and Attorneys
The recently published 2023 edition of Chambers USA: America's Leading Lawyers for Business recognized numerous Wilson Sonsini Goodrich & Rosati practices and attorneys. This year, the firm was ranked in 35 geography-specific practice categories, while 79 attorneys were honored among the best in their fields.
Client Highlights
3.21.23
Wilson Sonsini Advises Roblox on Transaction with Jido
On March 15, 2023, Jido, which uses cutting-edge computer vision to quickly interpret visual data, announced it has completed a transaction with Roblox Corporation, a global platform for bringing millions of people together through shared experiences. The transaction will allow the Jido team the opportunity to continue advancing its computer vision technology at Roblox. Wilson Sonsini Goodrich & Rosati advised Roblox on the transaction.
Client Highlights
3.15.23
Wilson Sonsini Advises Momentive on $1.5 Billion Acquisition Led by Symphony Technology Group
On March 13, 2023, Momentive, the maker of SurveyMonkey, announced it has entered into a definitive agreement to be acquired by a consortium led by Symphony Technology Group (STG) in an all-cash transaction that values Momentive at approximately $1.5 billion. Wilson Sonsini Goodrich & Rosati is representing Momentive in the transaction.
Client Highlights
2.17.23
Wilson Sonsini Advises Caption Health in Acquisition by GE HealthCare
On February 9, 2023, GE HealthCare, a leading global precision care innovator, announced that it has signed an agreement to acquire Caption Health, Inc., a privately owned artificial intelligence (AI) healthcare leader that creates clinical applications to aid in early disease detection, using AI to assist in conducting ultrasound scans. Financial terms of the transaction are not being disclosed. Wilson Sonsini Goodrich & Rosati advised Caption Health on the acquisition.
With Caption AI applications, ultrasound examinations can be easier and faster, enabling a broader set of healthcare professionals to conduct basic echocardiogram exams. This technology can help detect signs of diseases like heart failure in at-risk patients across doctors’ offices, the home, and alternate sites of care, potentially preventing hospitalizations and supporting improved clinical outcomes.
With Caption AI applications, ultrasound examinations can be easier and faster, enabling a broader set of healthcare professionals to conduct basic echocardiogram exams. This technology can help detect signs of diseases like heart failure in at-risk patients across doctors’ offices, the home, and alternate sites of care, potentially preventing hospitalizations and supporting improved clinical outcomes.
Client Highlights
1.30.23
Wilson Sonsini Advises Spatial Labs on $10 Million Seed Financing
On January 26, 2023, Spatial Labs, a web3 infrastructure and hardware company founded by Iddris Sandu, announced $10 million in seed funding led by Blockchain Capital with participation from Marcy Venture Partners, the firm co-founded by Jay-Z. Wilson Sonsini Goodrich & Rosati advised Spatial Labs on the transaction.
News Articles
6.01.22
Wilson Sonsini Practices, Attorneys Honored in 2022 Edition of Chambers USA Guide
The recently published 2022 edition of Chambers USA: America's Leading Lawyers for Business recognized numerous Wilson Sonsini Goodrich & Rosati practices and attorneys. The firm was ranked in 34 geography-specific practice categories and 70 attorneys were honored among the best in their fields.
Client Highlights
4.07.22
Wilson Sonsini Advises Roblox on Acquisition of Hamul
On April 5, 2022, Roblox announced it has acquired Hamul, developer of video, voice, and sound overlay software designed to connect gamers and enhance the gaming experience. With Roblox, the Hamul team will focus on creating new ways for people to play together and build deeper social connections.
Client Highlights
2.04.22
Wilson Sonsini Represents Bungie in $3.6 Billion Acquisition by Sony
On January 31, 2022, Sony Interactive Entertainment (SIE) announced that it has entered into definitive agreements to acquire Bungie, a premier independent videogame developer and long-time partner of SIE that has created some of the videogame industry’s most highly-acclaimed franchises, including Halo and Destiny. The total consideration of this transaction is $3.6 billion, inclusive of purchase price and committed employee incentives, and is subject to customary working capital and other adjustments. Wilson Sonsini Goodrich & Rosati represented Bungie in the transaction.
Client Highlights
12.16.21
Wilson Sonsini Client Solid Power Goes Public, Raising $542 Million After Merging with DCRC
On December 8, 2021, Solid Power, an industry-leading developer of all-solid-state battery cells for electric vehicles, announced the completion of its previously announced business combination following a special meeting of Decarbonization Plus Acquisition Corporation III’s (DCRC) stockholders on December 7, 2021. The combined company retained the Solid Power name and its common stock and warrants began trading on the Nasdaq Global Select Market under the ticker symbols "SLDP" and "SLDPW," respectively, on December 9, 2021. Wilson Sonsini Goodrich & Rosati represented Solid Power in the transaction.
Client Highlights
11.03.21
Wilson Sonsini Advises Merge on $15 Million Series A Funding
On November 3, 2021, Merge, an integrations platform that focuses on B2B use cases, announced that it has raised a $15 million Series A funding round led by Addition, with participation from existing investor NEA and a number of angel investors. Wilson Sonsini Goodrich & Rosati advised Merge on the transaction.
According to Merge co-founder Gil Feig, the fundraise allows the company to commit to growing not just its product and team, but its partnerships, a critical part of the business. “With this round, we’re continuing on our mission to revolutionize how every B2B company approaches its integrations strategy,” he wrote. In addition to the Series A funding, Merge announced partnerships with HR provider BambooHR and application tracking system Lever.
When Merge announced its seed funding with NEA in May 2021, there were 100 companies on its platform; that figure is now more than 600, including several public companies. The company has released several product features since then, including better logs, enhanced webhooks, CSV upload, SAML SSO, and a single-tenant offering; built out integrations for platforms like Oracle Taleo, Jobvite, and Workday HRIS; and grown its team to 20 people.
The Wilson Sonsini team that advised Merge on the transaction included Seth Helfgott, Rob Broderick, Daniel Xo, Adam Shevell, and Matt Staples.
For more information, please see the announcement on Merge’s blog and this TechCrunch article.
According to Merge co-founder Gil Feig, the fundraise allows the company to commit to growing not just its product and team, but its partnerships, a critical part of the business. “With this round, we’re continuing on our mission to revolutionize how every B2B company approaches its integrations strategy,” he wrote. In addition to the Series A funding, Merge announced partnerships with HR provider BambooHR and application tracking system Lever.
When Merge announced its seed funding with NEA in May 2021, there were 100 companies on its platform; that figure is now more than 600, including several public companies. The company has released several product features since then, including better logs, enhanced webhooks, CSV upload, SAML SSO, and a single-tenant offering; built out integrations for platforms like Oracle Taleo, Jobvite, and Workday HRIS; and grown its team to 20 people.
The Wilson Sonsini team that advised Merge on the transaction included Seth Helfgott, Rob Broderick, Daniel Xo, Adam Shevell, and Matt Staples.
For more information, please see the announcement on Merge’s blog and this TechCrunch article.