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Zhong Lun Represented Vertex in Sale of Equity in 91 Wireless to Baidu

Release time：2013-10-09 Voice Announcements

It was recently announced that the closing of the acquisition through a merger by Baidu Inc. of a 100％ equity interest in 91 Wireless Websoft Limited from NetDragon Websoft Inc. took place on October 1, 2013. The total consideration for this transaction amounts to US$1.9 billion, which is the largest acquisition in China’s Internet industry.

Zhong Lun Law Firm represented Vertex Asia Growth Ltd, as a Series B shareholder of 91 Wireless, to participate in this transaction. The legal team from Zhong Lun was led by Anthony Zhao and Luke Zhang, and included Shen Jun. The Zhong Lun team represented Vertex in its led Series B investment in 91 Wireless at the end of year 2011.

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Zhong Lun Represented Vertex in Sale of Equity in 91 Wireless to Baidu