Unity’s $1.6 Billion Assets Acquisition of Weta Digital

Morrison & Foerster advised Unity on the deal while Orrick represented Weta Digital.

Unity (NYSE: U), a leading platform for creating and operating real-time 3D content, announced an asset carve-out acquisition from Weta Digital, for certain assets including its audio-visual effects development and management software tools for a purchase price of $1.625 billion in a combination of cash and stock. Weta Digital is a New Zealand-based premier creator and innovator of visual effects and animation for a wide variety of award-winning movies and television shows, such as Avatar, Black Widow, Game of Thrones, Lord of the Rings, Planet of the Apes, The Suicide Squad, and more.

The MoFo deal team advising Unity was led by corporate partner Eric McCrath (Picture) and technology transactions partners Tessa Schwartz and Justin Haan, together with corporate associates Matt O’Donnell, Julie Siegel, and Samantha Glazer and technology transaction partner Aaron Rubin, of counsel Anthony Ramirez, and associates Katherine Devries, Jackie Li, Gilbert Choi, Wendy Chu, and Reid Knabe.

The Orrick team advising Weta Digital was led by Stephen Venuto and Leah Recht and included Mark Seneca, Michael Ruiz, Daniel Yost, Pete Elias, Nicole Huang, Fallon Griffin, Jose Lamarque, Christine McCarthy, Steve Malvey, Elizabeth Maas, Jennifer Clarke-Smith, Heather Cron and Kristin Cornuelle, among others.

Involved fees earner: Gilbert Choi – Morrison & Foerster; Wendy Chu – Morrison & Foerster; Katherine Marie DeVries – Morrison & Foerster; Katherine Erbeznik – Morrison & Foerster; Samantha Glazer – Morrison & Foerster; Justin Haan – Morrison & Foerster; Jackie Liu – Morrison & Foerster; Eric McCrath – Morrison & Foerster; Matt O’Donnell – Morrison & Foerster; Anthony Ramirez – Morrison & Foerster; Aaron Rubin – Morrison & Foerster; Tessa Schwartz – Morrison & Foerster; Jennifer Clarke-Smith – Orrick Herrington & Sutcliffe LLP; Kristin Cornuelle – Orrick Herrington & Sutcliffe LLP; Heather Cron – Orrick Herrington & Sutcliffe LLP; Peter Elias – Orrick Herrington & Sutcliffe LLP; Fallon Griffin – Orrick Herrington & Sutcliffe LLP; Nicole Huang – Orrick Herrington & Sutcliffe LLP; Jose Lamarque – Orrick Herrington & Sutcliffe LLP; Steven Malvey – Orrick Herrington & Sutcliffe LLP; Christine McCarthy – Orrick Herrington & Sutcliffe LLP; Leah Recht – Orrick Herrington & Sutcliffe LLP; Michael Ruiz – Orrick Herrington & Sutcliffe LLP; Mark Seneca – Orrick Herrington & Sutcliffe LLP; Stephen Venuto – Orrick Herrington & Sutcliffe LLP; Daniel Yost – Orrick Herrington & Sutcliffe LLP;

Law Firms: Morrison & Foerster; Orrick Herrington & Sutcliffe LLP;

Clients: Unity Technologies Inc.; Weta Digital;

Martina Bellini

Author: Martina Bellini