Disney’s Sale of FoxNext Games to Scopely

On January 22, 2020, The Walt Disney Company (“Disney”) and Scopely, a company in the mobile games space, announced that Scopely has agreed to acquire FoxNext Games Los Angeles, the game studio behind MARVEL Strike Force and the planned Avatar: Pandora Rising, and Cold Iron Studios. The acquisition does not include the separate portfolio of Fox IP licensed games titles, which will continue to be a part of Disney’s licensed games business. Disney acquired the FoxNext Games vertical game studios and licensed games titles in its 2019 acquisition of 21st Century Fox. Cravath is representing Disney in connection with the transaction.

The Cravath team is led by partner George F. Schoen and includes associates Matthew M. Kelly and Samuel A. Lifton on M&A matters; partner Lauren Angelilli, senior attorney Andrew Carlon and associate Rebecca L. Fine on tax matters; partner David J. Kappos and associates Kathryn‑Ann Stamm and Ryan J. Wichtowski on intellectual property matters; partner Jonathan J. Katz and associate Daniel P. Herrman on executive compensation and benefits matters; senior attorney Joyce Law and practice area attorneys Brian M. Budnick and Laurel R. Berkowitz on real estate matters; and senior attorney Jesse M. Weiss on antitrust matters.