Johnson Winter & Slattery has advised the owner of leading Australian video game developer Tantalus Media, on the sale of an 85% interest in Tantalus to Keywords Studios for a total consideration (comprising cash and scrip) of up to US$46.8m.
The investment will further the group’s strategy to become the ‘go to’ technical and creative services platform for the global video games industry and marks Keywords Studios’ entry into the Australian video games market.
Listed on AIM and headquartered in Dublin, Keywords Studios is the international technical and creative services provider to the global video games industry.
Founded in 1994 and based in Melbourne, Tantalus is a leading and prolific developer of high quality, multi-platform titles. The studio has worked on close to 100 games, on every major platform since the Super Nintendo Entertainment System. Notable game franchises among the studio’s credits include Age of Empires, The Legend of Zelda: Twilight Princess, Cities Skylines, Sonic Mania and Mass Effect.
The Johnson Winter & Slattery team was led by Partner Simon Haddy (PIcture) and included Associate Rachel Cox, as well as various specialists.
Law Firms: Johnson Winter & Slattery;
Clients: Tantalus Media;