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Skadden Advises Baidu In Its Investment And Strategic Partnership With Uber.

21 December, 2014

 

Baidu Inc., the largest Chinese language internet search company, announced on December 17, 2014 that it has invested in a minority stake in Uber Technologies Inc., the U.S.-based car booking company, and also invested in a minority stake in Uber’s newly launched business in China.¬† As part of the investment, Baidu and Uber have agreed to form a strategic partnership covering various business areas. Skadden is representing Baidu on the transaction.

 

The Skadden team included corporate partners Julie Gao (Hong Kong), Thomas Ivey and Michael Mies (Palo Alto) and associate Hongtao Lu (Hong Kong).

 

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