DEALS

Zhong Lun Represents Phoenix New Media to Secure Strategic Investment

Release time：2009-10-19 Voice Announcements

Phoenix New Media (ifeng.com) announced on November 9, 2009 that Morningside, Intel Capital and Bertelsmann agree to invest US$25 million in Phoenix New Media for around 23.8% shares. Phoenix New Media is a controlled subsidiary of Phoenix Television, and has become a successful representative of the new media company developed from a traditional media group.

The Zhong Lun team, led by Anthony Zhao and including Luke Zhang, Queenie Tong and Shen Jun, has acted as the legal counsel for and provided cross-border legal services to Phoenix New Media throughout the whole process of this transaction.

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Zhong Lun Represents Phoenix New Media to Secure Strategic Investment