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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.
Listed on AIM and headquartered in Dublin, Keywords Studios is the international technical and creative services provider to the global video games industry.
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.
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 and included Associate Rachel Cox, as well as various specialists.
Simon Haddy said: “Tantalus has grown to become one of the world’s leading independent development studios, and we are delighted to have helped the business now become an important part of the global Keywords Studios group”.
About Johnson Winter & Slattery
Johnson Winter & Slattery is an independent national Australian law firm with over 65 partners and offices across Australia. We advise major Australian and international corporations and investment funds on their most challenging transactions and disputes across Australia and surrounding regions. Working closely with clients, knowing their business, and appreciating their commercial objectives, we tailor our approach to deliver cost-effective commercial outcomes.
Daya Knapton, Communications Manager
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