Fenwick & West represented Qik, Inc., a provider of mobile video software and services that enable individuals to capture, instantly share and preserve great moments on video, in its recently announced acquisition by Skype, a communications platform provider based in Luxembourg. Financial terms of the acquisition, which is expected to close in January 2011, were not disclosed.
Founded in 2006, Qik offers innovative and flexible solutions to capture and share video with anyone across mobile devices, the web, and desktop platforms. Videos can be shared in real time or stored so moments can be viewed later, allowing for video messaging, sharing and archiving. The Qik service is available on over 200 mobile phones across the Android, iPhone, Symbian, Blackberry and Windows Mobile platforms, and comes pre-loaded on a wide variety of mobile handsets through partnerships with leading handset manufacturers and carriers.
More information about the transaction can be obtained from the Skype website.
The Fenwick & West transaction team included corporate attorneys Sam Angus, Greg Roussel, Pat Kelly, Aaron Hou and Stephanie Tsao; executive compensation and employee benefits attorneys Blake Martell and Nicholas Frey; technology transactions attorneys Stephen Gillespie, Stefano Quintini, Ranjit Narayanan and Genelle Ng; and tax attorneys Adam Halpern and Larissa Neumann.