DLA Piper advises Cabinet Group on Funcom joint venture

DLA Piper represented Cabinet Group LLC on tax and Norwegian law matters in its joint venture with Funcom N.V., a Norwegian developer, to establish Heroic Signatures, a new company holding and managing the interactive and video gaming rights based on the works of Robert E. Howard and classic Swedish pen & paper and board games.

The transaction, which closed on February 8, provides Funcom with a 50 percent interest in the interactive and video gaming rights in the intellectual property portfolio owned by Cabinet Group, which includes the well-known "Conan the Barbarian," "Solomon Kane" and "Mutant Chronicles" properties. In exchange, Cabinet Group received shares representing approximately 6.45 percent of Funcom.

The DLA Piper team representing Cabinet Group was led by partner Afshin Beyzaee (Los Angeles) and included partner Magnus Brox and Ole Christian Muggerud (both of Oslo).