PopReach Corporation has sold their subsidiary, PopReach Technologies Private Limited (PopReach India) to Phoenix Games Holdings UK Ltd.
The overall transaction, which also included the sale of substantially all of PopReach's mobile games portfolio, reached a total aggregate purchase price of up to $9.8 million.
Boolean Legal acted as Indian counsel for PopReach Corporation in this transaction.
The transaction team consisted of Lalu John Philip (Partner) and Govind Anand (Associate).
IndusLaw acted as Indian counsel for Phoenix Games in this transaction.
The transaction team consisted of Nikita Goyal (Partner), Deepansh Goyal (Senior Associate), and Ayush Singh (Associate).
Lokesh Shah (Partner) and Gaurav Goyal (Senior Associate) assisted with tax related aspects.
MLT Aikins LLP acted as Canadian counsel to Popreach Corporation, and Norton Rose Fulbright Canada LLP and DAC Beachcroft LLP acted as Canadian and UK Counsel, respectively, to Phoenix.
This sale marks a pivotal move in the mobile gaming industry and underscores PopReach’s strategic realignment of its business operations.
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