5 August 2021
Hamburg-based Exit Games GmbH has entered into a strategic partnership with Skillz Inc.. As part of the strategic partnership, Skillz has acquired a minority interest in Exit Games in the amount of 50 million US dollars. A team of the international law firm Taylor Wessing, led by Hamburg-based partner Jens Wolf, advised Exit Games on all legal issues in connection with the transaction.
Exit Games is the developer of the well-known network and multiplayer engine Photon, which allows software developers to create and host synchronous real-time applications.
Exit Games has been a client of Taylor Wessing for more than ten years and in particular the Games Group around Hamburg-based partner Tobias Schelinski regularly advises the company.