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Fenwick Represents Cray in Sale of Interconnect Hardware Assets to Intel for $140M

April 24, 2012

Fenwick & West LLP represented Cray Inc. (NASDAQ: CRAY) in its agreement to sell its interconnect hardware development program and related intellectual property to Intel Corporation (NASDAQ: INTC) for $140 million in cash.

The Fenwick transaction team included corporate attorneys Alan Smith, Andrew Albertson and Anna Penar; intellectual property attorneys Ralph Pais and Spencer Glende; employee benefits and employment attorneys Scott Spector, Dan McCoy and Marshall Mort; antitrust attorney Mark Ostrau; and tax attorneys Michael Solomon and Natalie Pardo De Zela.

More information about the transaction is available from Cray’s official announcement. ​