Login
Powered by
MOMENTUM
MEDIA
Powered by MOMENTUM MEDIA
A quartet of firms has acted on a merger that creates one of China's largest software companies.DLA Piper and China's Han Kun Law Office have represented Nasdaq-listed AsiaInfo Holdings Inc in…
A quartet of firms has acted on a merger that creates one of China's largest software companies.
The transaction was a cash and stock deal valued at approximately $US733 million ($839 million).
The combined company has been renamed AsiaInfo-Linkage and will have a market capitalisation of around $US1.7 billion, with more than 8,000 employees.
The DLA Piper team was led by Matt Adler and Steve Liu, partners in the firm's corporate and finance practice.
"AsiaInfo's merger with Linkage Technologies is the one of the largest M&A transactions ever in China's technology sector and creates one of China's largest software companies," said Adler.
"We believe consolidation will continue in the sector as China's economy continues to focus on innovation."
Other members of the DLA Piper team included Andrew Ledbetter and Kristi Darnell-Weichelt, associates in the firm's Seattle office, and Beijing associate Wang Hongling.
Get breaking news
Lawyers Weekly
