Fenwick represented Tapas Media, a pioneer of mobile storytelling platforms in the U.S., in its definitive agreement to be acquired by Kakao Entertainment, operator of numerous popular mobile content platforms in Korea and Japan.
With this transaction valued at an estimated $510 million, Kakao Entertainment obtains a 100% stake in Tapas. The acquisition paves the way for Kakao Entertainment to expand its original content business in North America and other English-speaking regions. More information can be obtained from the company’s announcement.
The Fenwick transaction team included corporate partners Bomi Lee and Steven Levine and associates Victoria Lupu and Summer Yin; executive compensation & employee benefits partner Shawn Lampron and associate Bryan Belok; and antitrust & trade regulation partner Mark Ostrau.