Simpson Thacher & Bartlett and Skadden, Arps, Slate, Meagher & Flom are having the lead roles advising a consortium led by ecommerce giant Alibaba Group Holding Ltd. on a $822 million proposed privatization of Momo Inc., a Chinese chat app developer.
Alibaba joins a buyout group proposed by Momo chairman and chief executive Tang Yan last year in June. The consortium has offered to acquire the remaining 27.4 percent in Momo it doesn’t already own for $18.90 per American depositary share, valuing the company at $3 billion.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
