Shearman And Sterling

News July 18, 2017

Shearman & Sterling Advises Sohu’s Special Committee on the Acquisition of Changyou by Dr. Charles Zhang

Shearman & Sterling is advising the Special Committee of the Board of Directors of Inc. (NASDAQ: SOHU) in connection with the acquisition of all outstanding shares (including shares represented by American depositary shares) in its majority-owned subsidiary Limited (NASDAQ: CYOU) by Dr. Charles Zhang, the Chairman and Chief Executive Officer of Sohu and the Chairman of the Board of is China’s premier online brand and indispensable to the daily life of millions of Chinese, providing a network of Web properties and community based/Web 2.0 products which offer the vast Sohu user community a broad array of choices regarding information, entertainment and communication. It operates through the following segments, including the mass portal and leading online media destination; the interactive search engine; the developer and operator of online games and the leading online video Website is a leading developer and operator of online games in China with a diverse portfolio, such as Tian Long Ba Bu, one of the most popular PC games in China, as well as a number of mobile games. It also owns and operates the Website, a leading game information portal in China.

This transaction further strengthens Shearman & Sterling’s strong track record in public M&A, having advised on various notable and complex Hong Kong and US transactions involving Chinese companies. The firm has extensive experience representing buyer groups, independent committees/special committees of the board of the directors of the target companies or sellers, the target companies, private equity firms and financial advisors in buyout transactions involving US-listed Chinese companies. Other notable representations include Mindray Medical International Limited, Bona Film Group Ltd., Zhaopin Ltd., Jumei International Holding Ltd, Momo Inc., Taomee Holdings Limited, E-Commerce China Dangdang Inc., China Nepstar Chain Drugstore Ltd., China Cord Blood Corporation, iDreamSky Technology Limited, International Limited and 21Vianet Group, Inc. etc.

The Team