Alibaba's Buyout of UCWeb
06.13.14
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The Firm is representing Alibaba Group Holding Limited, China’s largest e-commerce company, in connection with its buyout of UCWeb Inc., China’s leading mobile browser company. Alibaba, which already owned 66% of UCWeb, acquired the rest of the shares of UCWeb in this transaction for an undisclosed amount with cash and Alibaba shares.
The Simpson Thacher team working on this deal includes Katie Sudol, Wei Li and Matthew Schwartz (M&A).