Fenwick & West represented Nexon Co., Ltd., a worldwide leader in free-to-play online games, in its strategic partnership with Shiver Entertainment, Inc., a new game development studio led by veteran game developer and former Zynga Chief Operating Officer John Schappert. Under the terms of the agreement, Nexon will make a cash equity investment in Shiver Entertainment in exchange for a strategic equity stake in the company. The agreement also provides Nexon with exclusive worldwide multi-product, multi-year publishing rights to new titles being developed by the company. Financial terms of the investment were not disclosed.
The Fenwick transaction team included corporate attorneys Mark Stevens and David Michaels; and technology transactions attorney Stephen Gillespie.
More information about Nexon’s strategic partnership with Shiver Entertainment is available through the announcement on Nexon’s website.