Alibaba to Acquire Remaining Shares in Ele.me
04.10.18
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The Firm is representing Alibaba Group Holding in its acquisition of all of the outstanding shares that it does not already own in Ele.me, a leading online delivery service in China, to deepen the platform’s integration into Alibaba’s ecosystem and further expand the technology company’s New Retail strategy for local services. The transaction implies an enterprise value of $9.5 billion for Ele.me. Alibaba and its affiliate, Ant Small and Micro Financial Services Group, currently own approximately 43% of Ele.me.
The Simpson Thacher team leading this transaction includes Katie Sudol, Erik Wang, Sandra Kister, Sonya Ho and Matthew Leung (M&A).