Fenwick represented Sterling.VC, an early stage sports, media and real estate technology fund, in its franchise and licensing transaction with Activision Blizzard, Inc. to join Blizzard’s new Call of Duty esports league, an international, professional league based on Blizzard’s popular first-person shooter video game Call of Duty.
Sterling.VC is backed by Sterling Equities, a family-run group of companies owned by the Wilpon and Katz families with a number of operating businesses including the New York Mets. Sterling.VC also leads the ownership group for New York Excelsior (NYXL), a founding franchise of Activision Blizzard’s Overwatch League.
Further information on The Call of Duty League transaction can be obtained from Blizzard’s announcement. More information about Sterling.VC can be obtained from the company’s website.
The Fenwick transaction team was led by corporate lawyers Ian Goldstein, Mark Stevens, Allison Cooper and Akta Joshi; technology transactions lawyers Jennifer Stanley, Joseph Schenck and Arjun Ravi; and tax lawyer William Skinner.