David I. Schulman, co-chair of
the Video Games and Esports Practice of global law firm Greenberg
Traurig, LLP, led the firm's team representing Tripwire Interactive
(Tripwire) in its acquisition by Embracer Group AB (Embracer).
ATLANTA, Aug. 29,
2022 /PRNewswire-PRWeb/ -- David I. Schulman, co-chair of the Video Games
and Esports Practice of global law firm Greenberg Traurig, LLP, led
the firm's team representing Tripwire Interactive (Tripwire) in its
acquisition by Embracer Group AB (Embracer). Embracer, through its
wholly owned subsidiary Saber Interactive, entered into an
agreement to acquire 100% of the ownership interest of Tripwire.
Financial terms of the transaction, which was signed Aug. 18, were not disclosed.
Tripwire is an award-winning U.S. developer and publisher of
video games. Embracer is a parent company of businesses led by
entrepreneurs in personal computer, console, mobile and board
games, and other related media. Tripwire, within Embracer, will
operate as a subsidiary under the Saber Interactive operative
group. Post transaction business will remain as usual with the team
focused on developing future projects.
Founded in 2005 in Roswell,
Georgia, Tripwire has developed several popular titles. Its
Killing Floor series boasts over 35 million players, Rising Storm
series over 14 million players, and Maneater over 16 million
players. Its publishing division, Tripwire Presents, recently
launched Chivalry 2, which is reported to have sold over two
million units. Upcoming titles include Espire 2 (virtual reality)
and Deceive Inc.
In addition to Schulman, Theodore I.
Blum (managing shareholder, Atlanta) played a significant role in the
transaction. The multi-disciplinary also deal team included
William H. Grossenbacher III
(associate, Atlanta), Brian J. Landau (associate, Atlanta), Stephanie
Perron (of counsel, San
Francisco), Justin K.
Victor(shareholder, Atlanta), Brian
Witkowski (shareholder, Chicago), Pallav
Raghuvanshi (shareholder, New
York), Drew M. Altman
(shareholder, Miami), Ronald W. Eisenman (shareholder, Atlanta), Lauri S.
Thompson (shareholder, Las
Vegas), Bethani R.
Oppenheimer (shareholder, Atlanta), Stephen M.
Pepper (shareholder, New
York), Kara M. Bombach
(shareholder, Washington, D.C.),
Sonali Dohale (of counsel,
Washington, D.C.), and
Steven T. Margolin (shareholder,
Delaware).
About Greenberg Traurig: Greenberg Traurig, LLP has more than
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East. The firm reported gross revenue of over $2 Billion for FY 2021 and is consistently among
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Traurig, LLP, 212-801-2131, BrezoSchollL@gtlaw.com
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SOURCE Greenberg Traurig, LLP