Simpson Thacher Represents Alibaba in Proposed Going Private Acquisition of Momo Inc.
05.03.16
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The Firm is representing Alibaba Group Holding Limited (NYSE: BABA), as part of a buyer group with Mr. Yan Tang, co-founder, chairman and chief executive officer of Momo, Matrix Partners China II Hong Kong Limited, Sequoia Capital China Investment Management L.P. and Huatai Ruilian Fund Management Co., Ltd., in connection with the announced proposal to consummate a going private transaction to acquire all of the outstanding shares of Momo Inc. (NASDAQ: MOMO) not already owned by the buyer group for approximately $3 billion.
Momo is a leading mobile-based social networking platform in China. Momo’s platform includes the Momo mobile application and a variety of related features, functionalities, tools and services that it provides to users, customers and platform partners.
The Simpson Thacher team includes Katie Sudol and Sonya Ho (M&A).