Lowenstein Sandler represented Defy Media, LLC, a leading creator and distributor of digital content, in acquiring the assets of Viacom Inc.'s gaming focused digital properties: Addicting Games, GameTrailers and Shockwave, extending the Company's portfolio of digital properties. In consideration for the digital properties, Viacom will receive a minority interest in DEFY (formed by the Alloy Digital and Break Media "merger of equals"). Viacom also made an investment in DEFY at the same time as the transaction. Financial details of the transaction were not disclosed. The Lowenstein team includes Steven E. Siesser, Traci M. Tomaselli, Michael A. Buxbaum, Anita L. Chapdelaine, Marisa A. White, and Jake Filak.
June 11, 2014