Understanding the Bungie Retention Bonuses | A Big Win...for SONY (VL622)
546Sony's acquisition of Bungie and the way it has been described in the media has resulted in a lot of opinions, but also a lot of misconceptions.
Join us as we dive into the world of mergers, acquisitions, retention agreements, and purchase price holdbacks.
Retention - it's not just for ponds anymore...in Virtual Legality.
#Bungie #Sony #PlayStation
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Discussed in this episode:
SEASONED GAMING/BITCAST
https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA
"BUNGIE BOUGHT?! | A Legal Look at Sony + PlayStation's Riskiest Bet Yet (VL617)"
YouTube Video - Hoeg Law - January 31, 2022
https://youtu.be/iaZnOZwWFgw
"Sony Interactive Entertainment to Acquire Leading Independent Videogame Developer, Bungie"
Press Release - January 31, 2022
https://www.businesswire.com/news/home/20220131005684/en/Sony-Interactive-Entertainment-to-Acquire-Leading-Independent-Videogame-Developer-Bungie
"Q3 FY2021 Consolidated Financial Results"
Sony Speech Notes - February 2, 2022
https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/21q3_sonyspeech.pdf
ARTICLES/SOCIAL MEDIA
https://www.forbes.com/sites/paultassi/2022/02/03/sony-is-spending-12-billion-to-make-sure-bungie-employees-dont-leave/
https://www.pushsquare.com/news/2022/02/sony-is-spending-over-usd1-billion-to-ensure-bungie-employees-dont-leave
https://twitter.com/BaryonSenjuSage/status/1489108912100057089
https://twitter.com/HoegLaw/status/1489341960091492365
LEGAL DEAL POINTS
https://www.willistowerswatson.com/-/media/WTW/Insights/2017/10/2017-global-m-a-retention-report.pdf?modified=20171010144803
https://www.bakermckenzie.com/-/media/files/insight/publications/2020/10/using_purchase_price_pp_64102_a.pdf
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"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).
CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:
https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo
DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.
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Twitter: @hoeglaw
Web: hoeglaw.com
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DESIGN WORK
Joe Ellis (Logo Design)
Chris Leroux (Motion Graphics)
For more information: contact Chris at @Chrisleroux on Twitter.
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