Nachrichten August 06, 2015

Shearman & Sterling Represents Special Committee of Board of Directors of Momo Inc. in Going-Private Transaction

Shearman & Sterling is serving as US legal advisor to the special committee of the board of directors of Momo Inc. in connection with a proposal for Momo to be taken private from NASDAQ by Momo’s chairman and CEO Yan Tang and high-profile investors in China, including Matrix Partners China and Sequoia Capital China. The transaction values Momo’s equity at approximately US$3.6 billion.

Backed by Alibaba Group Holding Ltd., Momo is one of China's leading mobile social networking platforms. 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. Leveraging its social interest graph engine and analysis of user behavior data, Momo is able to provide users a customized experience based on their social preferences and needs. Momo users can maintain and strengthen their relationships through private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on Momo's platform.

The Team

Regionale Erfahrung