Fenwick represented The Gearbox Entertainment Company, a game developing studio and maker of the Borderlands franchise, in its merger agreement with Embracer Group AB, a global games publishing company based in Sweden.
The transaction, which is worth up to $1.3 billion, provides Gearbox with access to capital and positions Gearbox’s IP catalogue, AAA development studios, and North American publishing capabilities to become a significant part of the Embracer Group’s diverse and robust family of member companies. Gearbox will continue to operate as an independent developer and will use the access to capital for immediate and long-term growth of its studios, brands and partnerships.
The acquisition is subject to standard closing conditions, including regulatory approvals. More information can be obtained from the company’s announcement.
The Fenwick transaction team was led by corporate partners Mark Stevens and Scott Behar, and included corporate partner Ran Ben-Tzur, associates Maureen Montgomery, Tracy Kennberg, Karin Hjorth, Jennifer Wu and law clerk Danielle Coleman; executive compensation & employee benefits partners Marshall Mort and Shawn Lampron, and associates Bryan Belok and Jonathan Stephenson; technology transactions partners Joseph Schenck and Jennifer Stanley, and associates Peter Hart, foreign attorney Ali Kongats and law clerk Kehl Sink; privacy & cybersecurity partner James Koenig, director Brent Hoard, and associate Joseph Newman; litigation partner Felix Lee and associate Armen Nercessian; antitrust & trade regulation partner Mark Ostrau and counsel Ashley Walter; and tax partner William Skinner and associate Michael Knobler.