Fenwick & West represented Nexon Co., Ltd., a worldwide leader in free-to-play online games, in its strategic partnership with SecretNewCo, a Maryland-based game development studio. Under the terms of the agreement, Nexon will make a cash equity investment in SecretNewCo in exchange for a minority stake in the company. Terms of the investment were not disclosed.
The Fenwick transaction team included corporate attorneys Mark Stevens, David Michaels and Malcolm Katz; and technology transactions attorney Stephen Gillespie.
More information about Nexon’s strategic partnership with SecretNewCo is available through the announcement on Nexon’s website.