Paul, Weiss represented Chinese internet giant Tencent in the acquisition of a 80 percent stake in Grinding Gear Games, the New Zealand-based gaming company that developed the popular online role-playing game Path of Exile. The transaction came about after Tencent published the game in China in 2017. Terms of the transaction were not disclosed. Path of Exile has more than 2 million monthly active players and more than 20 million sign-ups.
The Paul, Weiss team included corporate partner Jeanette Chan.
Matter Type
M&A: Acquiror's Counsel
Industry
Technology, Media & Telecoms
News Category
Technology, Media & Telecoms
M&A