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Mergers & Acquisitions

Sep. 30, 2010

Wilson Leads IBM-BLADE Deal

Santa Clara-based BLADE Network Technologies Inc. called on its counsel at Palo Alto-based Wilson Sonsini Goodrich & Rosati to handle its sale to IBM, announced Monday.

By Jill Redhage

Daily Journal Staff Writer

PALO ALTO - Santa Clara-based BLADE Network Technologies Inc. called on its counsel at Palo Alto-based Wilson Sonsini Goodrich & Rosati to handle its sale to International Business Machines (IBM), announced Monday.

The terms of the deal were not disclosed, but other media reports estimated the sale price to be $400 million. The deal is expected to close by year's end.

...

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