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InXile Entertainment, Inc. Completes Follow-On to Series A Financing and Publishing Agreement

Represented inXile Entertainment, Inc. in connection with a subsequent closing of its Series A Preferred Stock financing, which included an equity investment by an affiliate of Tencent Holdings. As part of the transaction, Tencent will have exclusive publishing rights in China and related territories to PC and mobile products developed by inXile.

Founded by Brian Fargo in 2002, inXile Entertainment is an Orange County video game developer focused on crowdfunded titles, foregoing the traditional publishing route to control the creation process, so this transaction was a departure for them. Before inXile, Mr. Fargo was the founder of Interplay, a historically important developer and publisher, which launched many of the most critically lauded and popular video game franchises of all-time, including Fallout, Wasteland, The Bard’s Tale, Baldur’s Gate, and Planescape: Torment, and fostered amazing talent that led to such companies as Blizzard Entertainment, Obsidian, and BioWare. Founded in Shenzhen, China, in 1998, Tencent is a conglomerate that uses technology to enrich the lives of Internet users, including through its social products Weixin and QQ, which link its users to a rich digital content catalogue including games, video, music and books.

The Newport Beach-based team representing inXile included Chris Ivey and Jeff Estes.