On November 6, 2024, IonQ, a leader in quantum computing, announced that it has reached a definitive agreement to acquire substantially all of the operating assets of Qubitekk, a quantum networking company. As part of the transaction, the Qubitekk team will join IonQ and the acquisition is expected to complete within the next six months, subject to the satisfaction of certain closing conditions. Wilson Sonsini Goodrich & Rosati advised IonQ on the transaction.

Qubitekk's acquisition will strengthen IonQ's position in the quantum networking and quantum computing markets. The deal will also add 118 U.S. and international patents in quantum networking hardware and quantum network security to IonQ's technology portfolio.

The Wilson Sonsini team that advised IonQ on the transaction includes:

M&A
Rich Mullen
Austin Wolfe
Melis Kilic

Corporate
Mark Fitzgerald
Mark Bass
Rozman Lynch
Erica Wolfe Heinz

Technology Transactions
Jamie Clessuras
Allegra Sachs
Isabel Annino
Graham Hendrick

Privacy and Cybersecurity
Matt Staples
Daniel Chen
Chany Kim

Tax
Derek Wallace
Anjali Krishnan

Employee Benefits and Compensation
Sriram Krishnamurthy
Lori Howey
Matthew Norgard

Employment
Matt Gorman
Quinn Christie

Export Control
Anne Seymour
Grace Beck

National Security
Tarek Helou
Seth Cowell

Real Estate
Susan Reinstra
Martin Sul
Matthew Parsons

For more information, please see IonQ's news release. Additional coverage can be found on SiliconANGLE.