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
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
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
The High Court held, in The Software Incubator v Computer Associates, that a supply of commoditised software is a sale of goods for the purposes of the Commercial Agents (Council Directive) Regulations 1993.
Hotel proprietors are strictly liable, without proof of negligence, for the loss of property brought to the hotel by their guests, unless they can show that the loss resulted from the guest's own negligence.
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