October 19, 2021
Scopely, one of the largest privately held mobile-first video game companies, and Sony Pictures Entertainment announced an agreement for Scopely to acquire GSN Games, a division of Game Show Network, LLC (GSN), a wholly owned subsidiary of SPE. GSN Games operates a portfolio of free-to-play mobile and online games that includes “Solitaire TriPeaks” and “Bingo Bash,” among other titles. The purchase price for the transaction is approximately US$1 billion, half of which will be paid in cash and the remainder in preferred equity.
Latham & Watkins LLP served as transaction counsel to Sony with a corporate deal team led by Los Angeles partner Alex Voxman and Century City partner Andrew Clark with associates Alexandra McArthur, Maddison Goorman, Molly Wolfe, and Simon Moshkovich. Advice was also provided on benefits and compensation matters by Century City partner Julie Crisp with associate Jordan David; on tax matters by Los Angeles partner Pardis Zomorodi; on intellectual property and TTG matters by Los Angeles partner Ghaith Mahmood with associate Veronica Ye; on entertainment and media matters by Century City partner Kendall Johnson with associate Omeed Anvar; on privacy matters by Bay Area counsel Robert Blamires with associate Samantha Maerz-Beoning; and on regulatory matters by Washington, D.C. partner Les Carnegie and associates Andrew Galdes and Zachary Eddington.