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2.19.26
Wilson Sonsini Advises Griptape on Acquisition by Foundry
On February 18, 2026, Foundry, a leading developer of creative software for the media and entertainment industry, announced the completion of its acquisition of Griptape, a pioneer in enterprise-grade AI orchestration. Wilson Sonsini Goodrich & Rosati advised Griptape on the transaction.
As described by Foundry, the acquisition accelerates Foundry's AI strategy, adding critical orchestration capabilities to complement the AI-powered features in Foundry's product portfolio. It represents the next evolution of this strategy, enabling studios to orchestrate multiple AI models and agents within secure, professional workflows that connect seamlessly with Foundry's existing creative toolsets. As studios shift from experimentation to everyday production use, the need for better control of AI models has become critical. Griptape enables controlled access to rapidly evolving open-source and commercial AI models in a user-friendly framework, while balancing the strict security and traceability required by major production environments.
As described by Foundry, the acquisition accelerates Foundry's AI strategy, adding critical orchestration capabilities to complement the AI-powered features in Foundry's product portfolio. It represents the next evolution of this strategy, enabling studios to orchestrate multiple AI models and agents within secure, professional workflows that connect seamlessly with Foundry's existing creative toolsets. As studios shift from experimentation to everyday production use, the need for better control of AI models has become critical. Griptape enables controlled access to rapidly evolving open-source and commercial AI models in a user-friendly framework, while balancing the strict security and traceability required by major production environments.
Client Highlights
1.22.25
Wilson Sonsini Advises Divvy Homes on Sale of Portfolio and Platform to Brookfield
On January 22, 2025, Divvy Homes, a market leader in the proptech industry, announced that they have entered into a definitive agreement whereby a Brookfield private real estate fund will acquire Divvy Homes’ property portfolio and platform for a total consideration of approximately $1 billion. Maymont Homes, Brookfield’s single-family home rental business, will manage the portfolio on an ongoing basis. Wilson Sonsini Goodrich & Rosati advised Divvy Homes on the transaction.
Alerts
3.06.24
New York Redefines the Permissible Scope of Invention Assignment Provisions
Invention assignment provisions are fundamental in employment agreements. On one hand, they are the mechanism by which an employer takes ownership of important types of intellectual property employees create that relates to the job—potentially patentable inventions, which may be trade secrets unless patent protection is sought. In that manner, they safeguard important employer interests, including preventing potential disputes over ownership of key company inventions and ensuring that employers can make necessary representations about ownership of their intellectual property in corporate transactions such as financings and acquisitions. On the other hand, such agreements also provide boundaries under which employees can safely create unrelated intellectual property, such as when planning a new, future start-up company.
Client Highlights
2.20.24
Wilson Sonsini Advises Kinnate Biopharma on Acquisition By XOMA
On February 16, 2024, Kinnate Biopharma Inc., a clinical-stage precision oncology company, announced it has entered into a definitive merger agreement whereby XOMA Corporation will acquire Kinnate. Pursuant and subject to the terms of the merger agreement, a wholly owned subsidiary of XOMA will commence a tender offer by March 4, 2024 to acquire all outstanding shares of Kinnate common stock. The merger transaction is expected to close in the first half of 2024. Wilson Sonsini Goodrich & Rosati is advising Kinnate on the transaction.
Alerts
10.07.22
The Use of Artificial Intelligence Tools in Employment Decisions Can Lead to Violations of the ADA and New York City Law
Employers’ use of artificial intelligence (AI) tools in making hiring and other employment decisions is drawing increased scrutiny. The Equal Employment Opportunity Commission (EEOC) published guidance on how employers’ use of AI tools may violate the Americans with Disabilities Act (ADA), and the New York City Council enacted a new law mandating a yearly bias audit of the tools, along with certain notice requirements. In light of this heightened focus, companies should carefully evaluate their use of AI tools to ensure they are compliant with current requirements.
Client Highlights
9.07.22
Wilson Sonsini Advises Lunar Energy on Acquisition and Corporate Matters as Company Emerges from Stealth
On August 24, 2022, Lunar Energy, a California-based start-up dedicated to delivering home electrification, emerged from stealth mode having successfully raised over $300 million in two rounds of funding led by Sunrun and South Korea's SK Group. Lunar Energy also acquired Moixa, the leading global software company for distributed energy resources (DER) management. In addition, ITOCHU and Honda, previous investors in Moixa, joined Lunar Energy's team of investors. Wilson Sonsini Goodrich & Rosati represented Lunar Energy in the financings, the acquisition, technology transactions, and general corporate matters.
Client Highlights
3.28.22
Wilson Sonsini Represents Poly in $3.3 Billion Acquisition by HP Inc.
On March 28, 2022, HP Inc. announced a definitive agreement to acquire Poly, a leading global provider of workplace collaboration solutions, in an all-cash transaction for $40 per share, implying a total enterprise value of $3.3 billion, inclusive of Poly’s net debt. Wilson Sonsini Goodrich & Rosati is representing Poly in the transaction.
The acquisition accelerates HP’s strategy to create a more growth-oriented portfolio, further strengthens its industry opportunity in hybrid work solutions, and positions the company for long-term, sustainable growth and value creation. Poly will help drive the growth and scale of HP’s peripherals and workforce solutions businesses. Poly’s devices, software, and services, combined with HP’s strengths across compute, device management, and security, create a robust portfolio of hybrid meeting solutions. Poly is a leader in video conferencing solutions, cameras, headsets, voice, and software. Together, HP and Poly will deliver a complete ecosystem of devices, software, and digital services to create premium employee experiences, improve workforce productivity, and provide enterprise customers with better visibility, insights, security, and manageability across their hybrid IT environments.
The acquisition accelerates HP’s strategy to create a more growth-oriented portfolio, further strengthens its industry opportunity in hybrid work solutions, and positions the company for long-term, sustainable growth and value creation. Poly will help drive the growth and scale of HP’s peripherals and workforce solutions businesses. Poly’s devices, software, and services, combined with HP’s strengths across compute, device management, and security, create a robust portfolio of hybrid meeting solutions. Poly is a leader in video conferencing solutions, cameras, headsets, voice, and software. Together, HP and Poly will deliver a complete ecosystem of devices, software, and digital services to create premium employee experiences, improve workforce productivity, and provide enterprise customers with better visibility, insights, security, and manageability across their hybrid IT environments.
Client Highlights
2.17.22
Wilson Sonsini Represents Blackstone Growth in €500 Million Funding
On February 17, 2022, RELEX Solutions, a provider of unified retail planning solutions, announced the successful closure of a €500 million funding round led by funds managed by Blackstone Growth (Blackstone’s growth equity investing business). Wilson Sonsini Goodrich & Rosati represented Blackstone Growth in the transaction.
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
12.22.21
Wilson Sonsini Advises Encora on Its Acquisition by Advent International
On December 21, 2021, Encora, a global digital engineering services company specializing in software product development services for fast-growing enterprises and digitally native companies, and Advent International, a leading global private equity firm, announced that Advent has acquired a majority stake in Encora's business. As part of the agreement, Warburg Pincus, the existing majority shareholder of Encora, retains a minority stake. Wilson Sonsini Goodrich & Rosati represented Encora in the transaction.
Client Highlights
10.18.21
Wilson Sonsini Advises Current Health on Acquisition by Best Buy
On October 12, 2021, Best Buy announced it had signed an agreement to acquire Current Health, a leading care-at-home technology platform that brings together remote patient monitoring, telehealth, and patient engagement into a single solution for healthcare organizations. Wilson Sonsini Goodrich & Rosati represented Current Health in the acquisition.
Client Highlights
9.16.21
Wilson Sonsini Advises Mastercard on Acquisition of CipherTrace
On September 9, 2021, Mastercard announced that it will extend its capabilities deep into the field of digital assets with an agreement to acquire CipherTrace, a leading cryptocurrency intelligence company with insight into more than 900 cryptocurrencies. The integrated offering will build on CipherTrace’s suite of digital assets and Mastercard’s cyber security solutions to provide businesses with greater transparency to help identify and understand their risks and to help manage their digital asset regulatory and compliance obligations. The terms of the agreement were not disclosed. Wilson Sonsini advised Mastercard on the transaction, which is expected to close by the end of this year.
The acquisition enables Mastercard to combine the technology, AI, and cyber capabilities of both companies to differentiate its card and real-time payments infrastructure, allowing customers and stakeholders globally to build upon and benefit from the solutions to protect their consumers and comply with regulations as they build their own virtual asset offerings. CipherTrace will also help drive continued innovation with a diverse range of partners, such as fintechs, crypto-wallet providers, and governments, while allowing the company to deliver on the principles it has established for all blockchain-related programs.
The acquisition enables Mastercard to combine the technology, AI, and cyber capabilities of both companies to differentiate its card and real-time payments infrastructure, allowing customers and stakeholders globally to build upon and benefit from the solutions to protect their consumers and comply with regulations as they build their own virtual asset offerings. CipherTrace will also help drive continued innovation with a diverse range of partners, such as fintechs, crypto-wallet providers, and governments, while allowing the company to deliver on the principles it has established for all blockchain-related programs.