Chicago and New York lawyers represent Yuga Labs in agreement to acquire Roar Studios

United States Press release - Business July 2023

Norton Rose Fulbright's Chicago and New York lawyers represented web3 leader Yuga Labs in its agreement to acquire Roar Studios, a company at the convergence of gaming, social media and the metaverse with deep technology and AI roots.

Yuga Labs is a web3 company whose initiatives aim to reinvent what real-world utility for NFTs looks like and push the space forward as a whole, holding the distinction of being one of the first companies to release IP licenses to its NFT holders.

The home of Bored Ape Yacht Club, Yuga Labs acquired and released rights to other top collections such as CryptoPunks and Meebits and also broke web3 records for synchronized player participation with Otherside, its ambitious, interoperable metaverse project. In March 2022, Yuga Labs raised a US$450m seed round at a US$4bn valuation.

Roar Studios is the developer of ROAR, an immersive media experience where artists and fans connect, collaborate and compete in real time from anywhere.

Norton Rose Fulbright partners Sameer Ghaznavi (Chicago) and Ward Atterbury (New York) led this transaction, with Joseph Scialabba and Laura Konkel comprising the remainder of the core deal team.

Additional support was provided by Bill CavanaghMarjorie GloverAndrew LomBenjamin Roth, Elie Krief (New York), Christopher Hines, Erica Cook (Chicago), Madison Keeble (Austin), Rachael Browndorf (Denver), Hersh Verma (Houston) and Jennifer Xiaodan Zhang (Dallas).

Contacts

Co-Partner-in-Charge, Chicago
Partner
Senior Associate
Co-head of Tax, United States
Partner
US Head of Financial Services and Global Head of Private Wealth
Partner
Associate
Associate
Senior Associate
Senior Associate
Associate
Associate