Home Legal Advice Latham & Watkins Advises Tencent in its Minority Investment in Voodoo

Latham & Watkins Advises Tencent in its Minority Investment in Voodoo

262
0

Tencent, a number one expertise firm and operator of the biggest on-line video games platform in China, has turn out to be a minority shareholder in Voodoo, a world chief in hyper-casual video games with an enterprise worth of US$1.four billion (€1.2 billion).

Voodoo was based in Paris in 2013 by Alexandre Yazdi, CEO, and Laurent Ritter. Alexandre Yazdi will stay the biggest shareholder and, along with administration, will retain the management of the group.

Voodoo, a worldwide chief, has world reach, and partnering with Tencent will assist the corporate obtain its technique of rising and adapting its video games for the Asian market and fulfil its ambition to develop into informal video games.

Latham suggested Tencent within the transaction, with a staff lead by Paris company companion Pierre-Louis Cléro, with associates Yiran Bai, Xiaocai Fu, Julia Lefevre, Morgane Chaloin and Xavier Nassoy. Advice was additionally offered by companion Jean-Luc Juhan on business contracts; companion Lionel Dechmann on financing; companion Jacques-Philippe Gunther, with associates Mathilde Ayel, Juliette Raffaitin and Clément Pradille on antitrust; companion Matthias Rubner, with affiliate Jad Clam on employment regulation; and companion Myria Saarinen, with affiliate Floriane Cruchet on mental property and information safety (GDPR) issues.

LEAVE A REPLY

Please enter your comment!
Please enter your name here