Fenwick Represents Versus Systems in Acquisition of Xcite Interactive

Fenwick represented Versus Systems (Nasdaq: VS), a prizing platform that allows players to choose their rewards for in-game achievements, in its acquisition of Xcite Interactive, a media platform for online audience engagement. The transaction was announced on May 12, 2021 and closed on June 4, 2021.

Versus will add its proprietary prizing engine to Xcite’s newly developed XEO platform that is already in use with multiple professional sports teams and live major events. This rewards-based engagement will expand into TV and streaming while capitalizing on Xcite’s connections with more than 150 sports teams and brands. More information about the acquisition can be found in Versus Systems’ announcement of its closing.

The Fenwick transaction team included corporate partners Kris Withrow and Sarah Chambless and associate ­­­­­Gabriel Malone-O’Meally; technology transactions partner Andrew Klungness and associates Russell Wong and Barbara Wong; executive compensation and employee benefits partner Marshall Mort and associate Bryan Belok; and tax partner William Skinner and associate Einav Axler.