Skadden, Arps, Slate, Meagher & Flom advised Chinese Internet search giant Baidu Inc. on its recent $1 billion bond offering.
The company is selling U.S.-dollar denominated notes on the Singapore Exchange in order to fund its $1.9 billion acquisition of Chinese smartphone applications distributor 91 Wireless Websoft Ltd. last month.
Hong Kong partner Julie Gao acted for Baidu. The company was also advised by Hong Kong’s Li & Partners, offshore firm Maples and Calder, and Beijing-based Han Kun Law Offices.
Skadden and Han Kun acted for Baidu last year as well, when it issued $1.5 billion worth of bonds on the Singapore Exchange.
Davis Polk & Wardwell Hong Kong partner James Lin represented underwriters J.P. Morgan Chase & Co. and Goldman Sachs Group Inc. The firm, which advised Baidu on the 91 Wireless acquisition, also acted for the underwriters on Baidu’s debt offering in Singapore last year.