Fenwick & West LLP represented San Francisco, CA-based ngmoco, Inc. in its recently announced acquisition by DeNA Co. Ltd. (JP:2432), a Japanese mobile software and gaming company. ngmoco’s shareholders and employees will receive US$300 million in cash and securities and are entitled to additional consideration, up to a maximum of US$100 million, contingent upon the achievement of certain performance milestones through Dec. 31, 2011, making this transaction one of the largest iPhone-related acquisitions to date.
ngmoco, headquartered in San Francisco, CA, was founded in 2008 by games industry veterans Neil Young, Bob Stevenson, Alan Yu and Joe Keene. ngmoco’s games are played more than 50 million minutes a day and have been downloaded more than 60 million times on Apple’s iOS devices, resulting in 20 top 10 applications.
The Fenwick & West transaction team included corporate attorneys Mark Stevens,Greg Roussel, Brian Hicks, Aaron Kornfield, John Liu, Ben Richter and Adam Andrews; executive compensation and employee benefits attorney Blake Martell; technology transactions attorney Darren Hutchins; antitrust attorney Mark Ostrau; tax attorneys Adam Halpern and Natalie Pardo de Zela; and trademark attorneyLinda Henry.
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