Istanbul, Turkey, 28 September 2015 – Local shareholder sells remaining shares in Netmarble Turkey to Netmarble Games, a Seoul-based leading mobile game producer and publisher.
"This has been the team's 8th transaction in the Turkish online gaming market in the last two years. Advising clients on transactions in the online gaming sector is exciting because it places us at the intersection of Turkey's emerging tech scene and entrepreneurial spirit. It is also fun to sit down with your client to play video games to get to know your client's product," commented Partner Muhsin Keskin.
A team of lawyers from Esin Attorney Partnership, a member firm of Baker & McKenzie International, advised Burak Balik, the local shareholder and founder of the No.1 multiplayer online gaming and entertainment company in Turkey, the Middle East and Africa on the stake sale. Partner Muhsin Keskin advised on the transaction with support from attorneys Berk Cin and Deniz Erden. The deal was closed on August 28, 2015.
This is the 8th transaction the Firm has advised on in the Turkish online gaming market and the second in which the Firm advised Burak Balik.
With this recent transaction, Netmarble Turkey is now a fully owned subsidiary of Netmarble Games.
About Esin Attorney Partnership
Esin Attorney Partnership has long been a leading provider of legal services in the Turkish market. Today, as a member firm of Baker & McKenzie, our team of nine partners and more than 60 lawyers is an integral part of a seamless global network. Our Firm is recognized locally and globally for our M&A experience, and we have advised on some of the largest deals in the Turkish market, involving public and private companies, private equity funds and other strategic investors.
About Baker & McKenzie
Founded in 1949, Baker & McKenzie advises many of the world's most dynamic and successful business organizations through more than 11,000 people in 77 offices in 47 countries. The Firm is known for its global perspective, deep understanding of the local language and culture of business, uncompromising commitment to excellence, and world-class fluency in its client service. Global revenues for the fiscal year ended 30 June 2015, were US$2.43 billion. Eduardo Leite is Chairman of the Executive Committee. www.bakermckenzie.com
About Netmarble Turkey
Netmarble Turkey, an office of Netmarble Games centered in Istanbul, provides services for game developing, mobile game publishing, marketing, localization, PR as well as QA and IT services for gaming and internet industries. Netmarble Turkey also develops, publishes and offers 3rd party support for internet projects in addition to the gaming sector.
About Netmarble Games Corporation
Netmarble Games Corp. strives to enrich people's lives by providing great games to global audiences. Based in Seoul, Korea, Netmarble Games Corp. has produced some of the most successful mobile games such as MARVEL Future Fight, Raven (Evilbane in U.S.), Seven Knights, Everyone's Marble, and Monster Taming. The company has more than 2,500 employees worldwide, numerous studios and consistently ranks as a top developer and publisher in Asia and globally. Netmarble Games Corp. has a strategic partnership with CJ E&M Corporation, Asia's largest entertainment company, Tencent Holdings, Asia's largest internet company, and NCsoft, a prominent MMO company, as company shareholders. The company is the largest shareholder to SGN, a leading casual game developer.
Netmarble Games Corp. has strong presence in Turkey, the Middle East and Africa region with the leading brands such as No.1 game portal Joygame, content portal TicTacTown and popular games such as Wolfteam, Goley, Paramanya, Travelling Millionaire and MARVEL Future Fight.
More information can be found at www.netmarble.com