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.