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6.02.26
Wilson Sonsini Advises Contentful on Acquisition by Salesforce
On June 1, 2026, Salesforce, the world's No. 1 AI CRM, announced that it has signed a definitive agreement to acquire Contentful, a leading composable content platform trusted by over 4,800 of the world’s leading brands to deliver personalized digital experiences at scale. Wilson Sonsini Goodrich & Rosati advised Contentful on the transaction.
Alerts
5.18.26
The “Friendly Buyer” Fallacy: Why U.S. Ownership Is No Longer a Regulatory Safe Bet
Over the past decade, the number of countries with foreign direct investment (FDI) screening regimes has more than doubled. What was once a niche, rarely-used regulatory tool has become a standard feature of global deal-making and a routine consideration in cross-border M&A, including U.S. to U.S. transactions that involve the indirect acquisition of foreign subsidiaries. As jurisdictions continue to strengthen their FDI screening regimes, parties are seeing more U.S.-led deals encounter longer and more intrusive reviews and increasingly complex conditions as a condition of approval.
Client Highlights
3.31.26
Wilson Sonsini Advises Crosspoint Capital Partners on TENEX.AI’s $250 Million Series B
On March 31, 2026, TENEX.AI, the AI SOC company transforming security operations, announced a $250 million Series B round of financing led by Crosspoint Capital Partners. Wilson Sonsini Goodrich & Rosati advised Crosspoint on the transaction.
The proceeds from the Series B will accelerate TENEX.AI’s global expansion and significantly scale the human expertise behind its AI-native managed detection and response (MDR) service, expanding the team of defenders and engineers delivering cybersecurity outcomes. The TENEX.AI platform enables AI-driven triage, investigation, hunting, and response to threats in under a minute—with 100 percent alert coverage and human analysts governing every decision and accountable for every outcome.
The Wilson Sonsini team that advised Crosspoint on the financing included:
Corporate
Becki DeGraw
Travis Scheft
Michael Murrietta
Enid Qin
The proceeds from the Series B will accelerate TENEX.AI’s global expansion and significantly scale the human expertise behind its AI-native managed detection and response (MDR) service, expanding the team of defenders and engineers delivering cybersecurity outcomes. The TENEX.AI platform enables AI-driven triage, investigation, hunting, and response to threats in under a minute—with 100 percent alert coverage and human analysts governing every decision and accountable for every outcome.
The Wilson Sonsini team that advised Crosspoint on the financing included:
Corporate
Becki DeGraw
Travis Scheft
Michael Murrietta
Enid Qin
Client Highlights
3.31.26
Wilson Sonsini Advises Insilico on Global R&D Collaboration with Lilly
On March 29, 2026, Insilico Medicine (Insilico), a clinical-stage biotechnology company powered by generative artificial intelligence (AI) and automation, announced a drug discovery collaboration with Eli Lilly and Company (Lilly) that uses Insilico's AI engine to accelerate the discovery and development of novel therapeutics across multiple therapeutic areas. Wilson Sonsini Goodrich & Rosati advised Insilico on the transaction.
Client Highlights
3.27.26
Wilson Sonsini Advises Reltio on Acquisition by SAP
On March 27, 2026, SAP, a global leader in enterprise applications and business AI, announced its acquisition of Reltio, a leading master data management (MDM) software provider, to help customers make their SAP and non-SAP enterprise data AI-ready. Terms of the deal were not disclosed. Wilson Sonsini Goodrich & Rosati advised Reltio on the transaction.
Client Highlights
12.17.25
Wilson Sonsini Advises Udemy on Combination with Coursera
On December 17, 2025, Udemy, Inc., an AI-powered skills acceleration platform that combines on-demand, multi-language content with real-time innovation, and Coursera, Inc., an AI-powered online learning platform, announced that they have entered into a definitive merger agreement under which Coursera will combine with Udemy in an all-stock transaction. Based on the closing prices of Coursera and Udemy common stock on December 16, 2025, the implied equity value of the combined company is approximately $2.5 billion. The transaction is expected to close by the second half of 2026, subject to the receipt of required regulatory approvals, approval by Coursera and Udemy shareholders, and the satisfaction of other customary closing conditions.
Alerts
11.24.25
Federal Court Doesn’t “Like” FTC Claim That Meta Is a Monopolist
The Federal Trade Commission (FTC) has lost its long-running suit contending that Meta Platforms monopolized a “personal social networking” (PSN) market by acquiring Instagram and WhatsApp, two acquisitions that the FTC had previously reviewed and declined to challenge. Judge James Boasberg of the Federal District Court for the District of Columbia held first, as a matter of law, that the relevant question was whether Meta has market power now, rather than when the suit was filed five years ago. Second, the court found that the FTC had failed to prove its relevant market (which the FTC alleged was essentially limited to Facebook, Instagram, and Snapchat) and that, when competitors such as TikTok and YouTube were included, Meta lacked monopoly power.
Alerts
11.21.25
Trump Administration FTC’s First Merger Challenge Fails as Court Accepts Parties’ “Fix”
Following a victory in court, leading private equity firm GTCR has announced it intends to promptly close its acquisition of medical device coating manufacturer Surmodics, putting an end to an unsuccessful challenge from the Federal Trade Commission (FTC) and the Illinois and Minnesota attorneys general. This had been the FTC’s first merger challenge under the Trump Administration. On November 10, 2025, Judge Jeffrey Cummings of the Federal District Court for the Northern District of Illinois denied the plaintiffs’ bid for a preliminary injunction, finding that they had failed to show that a revised transaction by the defendants, which included a remedial divestiture, might still substantially lessen competition. On November 17, 2025, the plaintiffs indicated in a status report that they did not intend to appeal that decision, and the court terminated a previously entered temporary restraining order, allowing the merger to close.
Client Highlights
4.09.25
Wilson Sonsini Advises Marvell on Infineon's $2.5 Billion Acquisition of Automotive Ethernet Business
On April 8, 2025, Marvell Technology, a leader in data infrastructure semiconductor solutions, announced that it has entered into a definitive agreement under which Infineon Technologies will acquire Marvell's Automotive Ethernet business in an all-cash transaction valued at $2.5 billion. Wilson Sonsini Goodrich & Rosati advised Marvell on the transaction.
Client Highlights
3.21.25
Wilson Sonsini Advises Ampere Computing on $6.5 Billion Acquisition by SoftBank Group
On March 19, 2025, SoftBank Group Corp. announced that it will acquire Ampere Computing, a leading independent silicon design company, in an all-cash transaction valued at $6.5 billion. Under the terms of the agreement, Ampere will operate as a wholly owned subsidiary of SoftBank Group and retain its name. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2025. Wilson Sonsini Goodrich & Rosati advised Ampere on the transaction.
Founded in Silicon Valley in 2018 with an initial focus on cloud-native computing, Ampere has since expanded into sustainable AI compute. The company has multiple products for a spectrum of cloud workloads from the edge to the cloud data center.
The Wilson Sonsini team that advised Ampere on the transaction included:
Founded in Silicon Valley in 2018 with an initial focus on cloud-native computing, Ampere has since expanded into sustainable AI compute. The company has multiple products for a spectrum of cloud workloads from the edge to the cloud data center.
The Wilson Sonsini team that advised Ampere on the transaction included:
Client Highlights
12.20.24
Wilson Sonsini Helps Secure EC Clearance of Run:ai’s Acquisition by NVIDIA
On December 20, 2024, the European Commission (EC) unconditionally approved the proposed acquisition of Run:ai Labs by NVIDIA Corporation under the EU Merger Regulation. The EC concluded that the transaction would raise no competition concerns in the European Economic Area (EEA). Wilson Sonsini Goodrich & Rosati represented Run:ai in securing the unconditional clearance.
U.S.-based NVIDIA designs and supplies graphic processing units (GPUs), a type of semiconductor for data center applications. Israel-based Run:ai supplies GPU orchestration software allowing corporate customers to schedule, manage, and optimize their AI compute infrastructure. NVIDIA’s proposed acquisition of Run:ai was notified to the EC on November 15 following a referral request from the Italian national competition authority. The EC investigated the impact of the transaction on the markets for the supply of discrete GPUs for use in data centers and GPU orchestration software. It assessed whether, post-transaction, NVIDIA would be able to hamper the compatibility between its GPUs and the GPU orchestration software of Run:ai’s competitors, and the compatibility between Run:ai’s software and the GPUs of NVIDIA’s competitors. The EC concluded that the proposed acquisition would not raise competition concerns in any of the markets examined in the EEA or Italy, and therefore cleared the transaction unconditionally.
The Wilson Sonsini antitrust team that secured the clearance for Run:ai included Jamillia Ferris, Deirdre Carroll, Michelle Hale, Matthew McDonald, Ben Labow, Kimberley Biagioli, Rachel Burke, Lindsey Edwards, Rose Reinacher, John Sack, Laurine Daïnesi Signoret, Dillon Ostlund, Jacob Lozano, Michelle Zang, Sabin Chung, and Rohena Rajbhandari.
For more information, please see the EC’s announcement.
U.S.-based NVIDIA designs and supplies graphic processing units (GPUs), a type of semiconductor for data center applications. Israel-based Run:ai supplies GPU orchestration software allowing corporate customers to schedule, manage, and optimize their AI compute infrastructure. NVIDIA’s proposed acquisition of Run:ai was notified to the EC on November 15 following a referral request from the Italian national competition authority. The EC investigated the impact of the transaction on the markets for the supply of discrete GPUs for use in data centers and GPU orchestration software. It assessed whether, post-transaction, NVIDIA would be able to hamper the compatibility between its GPUs and the GPU orchestration software of Run:ai’s competitors, and the compatibility between Run:ai’s software and the GPUs of NVIDIA’s competitors. The EC concluded that the proposed acquisition would not raise competition concerns in any of the markets examined in the EEA or Italy, and therefore cleared the transaction unconditionally.
The Wilson Sonsini antitrust team that secured the clearance for Run:ai included Jamillia Ferris, Deirdre Carroll, Michelle Hale, Matthew McDonald, Ben Labow, Kimberley Biagioli, Rachel Burke, Lindsey Edwards, Rose Reinacher, John Sack, Laurine Daïnesi Signoret, Dillon Ostlund, Jacob Lozano, Michelle Zang, Sabin Chung, and Rohena Rajbhandari.
For more information, please see the EC’s announcement.
Client Highlights
6.27.24
Wilson Sonsini Advises Infinera on Acquisition by Nokia
On June 27, 2024, Nokia and Infinera, a global supplier of innovative open optical networking solutions and advanced optical semiconductors, announced a definitive agreement under which Nokia will acquire Infinera in a transaction valuing the company at $6.65 per share or an enterprise value of US$2.3 billion. At least 70 percent of the consideration will be paid in cash and Infinera’s shareholders can elect to receive up to 30 percent of the aggregate consideration in the form of Nokia ADSs. Wilson Sonsini Goodrich & Rosati advised Infinera on the transaction.