Weightmans and Baker Tilly see more success for their computer games developer clients

National law firm Weightmans LLP and national accountancy practice Baker Tilly have just completed...

...on behalf of the shareholders of Media Molecule Limited (“Media Molecule”), the disposal of the entire share capital of Media Molecule to Sony Computer Entertainment Europe Limited (“Sony”) for an undisclosed sum.

Acting for the shareholders of Media Molecule in the transaction, the Weightmans team was led by Corporate Partner John Schorah and the Baker Tilly team was led by Tax Partner Colin Abrahams out of their Manchester Office.

John Schorah said: “I am delighted for shareholders and the employees of Media Molecule. It is a gem of a development studio and achieved so much in its first four years of business.

“This is the latest of a number of our developer clients in recent years that we have been involved with since their inception and seen grow from smalls start ups to attract and ultimately be acquired by large publishers including Venom Games to Take Two, Swordfish Studios to Vivendi, Juice Games to THQ and FreestyleGames to Activision.

“This is the second deal in this sector we have worked with Baker Tilly on and it’s a partnership that works very well.”

Colin Abrahams said: “We were delighted to play our part in successfully completing this transaction. Media Molecule is undoubtedly one of the great success stories within the UK Computer Games Industry.

“Working alongside John Schorah and the team from Weightmans, with their niche expertise in the sector, was a definite plus.”