Fenwick Represents Nexon in Planned Acquisition of Embark Studios

Fenwick & West represented NEXON Co. Ltd. (“Nexon”), a global leader in online games, in its planned complete acquisition of Embark Studios AB, a Stockholm-based game development studio.

Nexon will increase its existing stake of 66.1% to 72.8%, and will have the option to fully purchase Embark’s remaining shares through Nexon stock over a five-year period. The additional transaction is expected to be ratified at the Nexon extraordinary shareholder meeting scheduled in September.

The planned acquisition will further complement the synergy of Nexon’s best-in-class live game operations with Embark’s AAA game development capabilities. More information about the planned acquisition can be obtained through the announcement on Nexon’s website.

The Fenwick transaction team included corporate partners Mark Stevens and Ken Myers and associates Stephen Fisher, Zachary Portnoy, Larry Suh, Isabel da Roza and Allison Cooper; and intellectual property partner Jennifer Stanley and associates Mark Jansen, Karen Hagen, Joseph Schenck and Shizuka Tiernan.