Fenwick & West represented shopkick, Inc., one of the country's most widely used real-world shopping apps, in its recently announced acquisition by SK Planet Co., Ltd., an affiliate of SK Holdings and SK Telecom (NYSE:SKM), and operator of one of South Korea’s most successful mobile platforms and shopper rewards programs. Financial terms of the transaction were not disclosed.
The acquisition of shopkick will create the key platform of SK planet's U.S. mobile commerce business and also help expand their global market position. More information about shopkick’s acquisition by SK Planet can be obtained from the company press release.
The Fenwick transaction team included corporate attorneys Mark Stevens, Kris Withrow, In Lee, Luis Bacalao, William Black and Jonathan Smith; executive compensation and employee benefits attorneys Shawn Lampron, Marshall Mort, Laura McIntyre, Kristin O’Hanlon and Elena Coleman; technology transactions attorneys Christopher Joslyn and Michael Riskin; antitrust attorney Mark Ostrau and tax attorneys Ron Schrotenboer and Jay Cosel.