Fenwick is representing Databricks, a data and AI company, in its pending acquisition of MosaicML, a generative AI platform company.
The transaction, valued at approximately $1.3 billion, will combine MosaicML’s leading MPT large language models with Databrick’s existing unified Data and AI platform, enabling robust generative AI accessibility for all types of organizations. The transaction is subject to customary closing conditions. More information can be obtained from Databricks' Announcement.
The Fenwick transaction team included corporate partners David Bell and Michael Brown; M&A partners Ethan Skerry and Victoria Lupu, associates Samuel Fleuter, Zoe Zhang and Atrina Mehdipour and law clerk Ty Chung; technology transactions partners Ralph Pais and Joseph Schenck, associates Adine Mitrani and Ellis Liang and law clerk Judd Chamaa; tax partner Mike Knobler and associate Kris Hatch; executive compensation and employee benefits partners Shawn Lampron and Matt Cantor and associates Jonathan Stephenson, Cynthia Yuan and Elizabeth Fu; privacy and security partner Tyler Newby, counsel Ana Razmazma and associate Mudasar Khan; and antitrust partner Steve Albertson and associate Susan Lee.