O'Melveny Represents Acclaim Games in Acquisition by PlaydomMay 19, 2010
FOR IMMEDIATE RELEASE
O'Melveny & Myers LLP
O'Melveny & Myers LLP
SILICON VALLEY, CALIFORNIA ─ MAY 19, 2010 ─ O’Melveny & Myers LLP represented Acclaim Games, Inc., a leading developer of social and downloadable casual games, in its acquisition by Playdom, Inc., a leading game developer on Facebook and MySpace. The terms of the transaction were not disclosed.
The O’Melveny Silicon Valley team was led by partner Paul Sieben and associates Sofia Lou and Robert Liu.
About O’Melveny & Myers LLP
With approximately 1,000 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com.
The following press release was recently issued by Playdom, Inc:
Playdom Announces Acquisition of Acclaim Games Inc.
Social gaming company acquires game developer specializing in MMORPG
May 18, 2010
MOUNTAIN VIEW and LOS ANGELES, Calif. — Playdom, a leading social gaming company, and Acclaim Games, a developer of social networking and downloadable casual games, announced today that Playdom has acquired Acclaim. Acclaim was privately held and is based in Los Angeles, California. The terms of the transaction were not disclosed.
Since its establishment in 2006 under one of the gaming industry’s most recognizable brands, Acclaim has built a name for itself in the casual and MMORPG gaming space by developing and publishing free-to-play titles available on the Acclaim website (www.acclaim.com). With more than 15 million registered online users already playing Acclaim’s games, the company launched RockFree, a Facebook guitar game, in March 2010, which now has tens of thousands of daily active users. Acclaim is currently hard at work on its latest Facebook game due to launch this summer.
“Joining forces with Playdom is a natural fit,” said Howard Marks, CEO of Acclaim. “Both companies share the vision of connecting people globally through quality social games. Our deep expertise in building multi player online games and Playdom’s vast player community will help us bring out the next generation of social games.”
Acclaim will become the newest team to join Playdom’s growing cadre of studios. Marks, a former Activision 2.0 co-founder and Chairman of the Activision Studios, will run the Acclaim studio for Playdom and serve in a senior strategic role for the parent company focused on Playdom’s business development activities. Acclaim’s Chief Technology Officer, Neil Malhotra, a longtime Marks colleague, will now act as the studio’s senior technical officer.
"Bringing Howard and Neil into Playdom strengthens our leadership and bolsters our position as an innovative games developer for the future,” said John Pleasants, CEO of Playdom. “Howard and Neil have worked together building and operating games for many years, and their pipeline of new games is strong. We are also excited about opening our first Los Angeles based social game development studio which gives us access to all of the game development talent in Southern California. We look forward to big things from this team.”
Playdom is committed to bringing people everywhere together through the world’s best social games. Playdom is a top game developer on Facebook and MySpace with popular titles including Social City, Sorority Life, Mobsters, Tiki Resort and our latest game, Treetopia. To date, more than 100 million Playdom games have been installed on leading platforms including Facebook, MySpace, iPhone and Hi5. Playdom is headquartered in Mountain View, Calif., with studios in San Francisco and Los Angeles, Calif.; Seattle, Wash.; Eugene, Ore.; Boulder, Colo.; Chapel Hill, N.C.; Buenos Aires, Argentina, and in South Asia. For more information about Playdom, please visit www.playdom.com.