Farfetch Limited (NYSE:FTCH) entered into a definitive agreement to acquire Stadium Goods for $250 million on December 12, 2018. The consideration payable by Farfetch will be in the form of cash and Farfetch shares, with the exact amounts to be determined at completion following customary adjustments. Following the acquisition, Stadium Goods will continue to operate as a subsidiary of Farfetch platform and will be led by its existing management team. Each Key Employee shall have signed an employment agreement, a Share Restriction Agreement and a Restrictive Covenant Agreement, each of which shall continue to be in full force. Minimum 80% of the salaried employees of the Farfetch, excluding the Designated Employees shall become Continuing Employees. The acquisition is subject to customary closing conditions. The Voting Member Approval shall have been duly and validly obtained in order to consummate the transaction. The agreement can be terminated anytime prior to closing my mutual consent. The deal is expected to be completed in the first quarter of 2019. The Goldman Sachs Group, Inc. (NYSE:GS) acted as the financial advisor and Ken S. Myers of Fenwick & West LLP acted as the legal advisor to Farfetch Limited. Randy M. Friedberg and Joshua Galante of White and Williams LLP acted as legal advisor for Stadium Goods. Farfetch Limited (NYSE:FTCH) completed the acquisition of Stadium Goods on January 4, 2019.