Akin Gump is advising Russian Internet and IT company Mail.ru Group Limited on the formation of a joint venture between its ESforce e-sports business and games producer Modern Pick.
Akin Gump reports that the transaction, which involves the transfer of a 51% stake of ESforce to Modern Pick, is “expected to close shortly.”
According to Akin Gump, this joint venture will enable both parties to have “access to a broader games portfolio and expertise in games development, e-sports teams, broadcasting, video production, streaming, tournament organization, and venues, combined with an extensive set of media and global brand partnerships."
Akin Gump's London-based team includes Partner Artem Faekov, Counsel Jasdeep Rai, and Associate Harpreet Hundal.
