Jurisdiction - China
News
Skadden Advises Sungy Mobile In Its Announced Going Private Transaction.

12 June, 2015

 

Skadden acted as U.S. legal adviser to the special committee of independent directors of Sungy Mobile Limited in the company’s going-private acquisition by Sunflower Parent Limited.  The transaction, which values the company at approximately USD 153m, was announced June 8.

 

Sungy Mobile is a provider of mobile internet products and services globally with a focus on applications and mobile platform development. Sunflower Parent Limited was formed by the buyer group including Mr. Yuqiang Deng, the chairman and chief executive officer, Mr. Zhi Zhu, the co-chief operating officer, and certain other institutional investors, and Sunflower Merger Sub Limited, a wholly owned subsidiary of Sunflower Parent.

 

The Skadden team in Beijing included Peter Huang.

 

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