Tilting Point Media’s acquisition of AN Games

Lee & Ko advised Tilting Point Media, a U.S. game developer famous for SpongeBob, in its acquisition of redeemable convertible preferred stocks issued by domestic game developer AN Games, while taking over the largest shareholder and management rights of AN Games.
 
Due to the complex nature of this transaction, the negotiation process of this transaction took approximately eight months. However, it was closed successfully on January 26, 2022. During the entire process, Lee & Ko provided comprehensive legal advice to Tilting Point Media, which included conducting legal due diligence, reviewing the transaction structure, and executing the share purchase agreements, share subscription agreements, call option agreements as well as the share kun-pledge agreements.
 
Lee & Ko coordinated the interests of the contracting parties, including the largest shareholder and various VCs, and actively assisted in the successful signing and closing of various contracts as mentioned above.