Davis Polk & Wardwell and Sidley Austin have taken the lead roles on China search engine giant Baidu's $1.9bn (£1.2bn) buyout of app store 91 Wireless. Baidu is set to purchase the entire share capital of the Chinese app distributor as it seeks to boost its profile in the mobile internet market. Under the terms of the transaction, Baidu will buy a 57.41% stake in the company from parent and online game developer Netdragon and the remaining equity interest from other shareholders.
July 25, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Davis Polk & Wardwell and Sidley Austin have taken the lead roles on China search engine giant Baidu’s $1.9bn (£1.2bn) buyout of app store 91 Wireless.
Baidu is set to purchase the entire share capital of the Chinese app distributor as it seeks to boost its profile in the mobile internet market.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The premier educational and networking event for employee benefits brokers and agents.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
