Jurisdiction - China
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Skadden Represents WoWo In The Acquisistion Of JMU.

10 June, 2015

 

Skadden represented WoWo Limited, an e-commerce platform focusing on entertainment and lifestyle services in China, in WoWo’s acquisition of all the issued and outstanding Join Me Group (HK) Investment Company Limited (“JMU“) shares from the shareholders of JMU, which is the largest business to business procurement platform for the food service industry in China. As consideration for the acquisition, WoWo issued new shares equivalent to approximately 50% of all the issued and outstanding shares of WoWo after the closing, to the shareholders of JMU.  The company after the combination will be renamed JM WOWO, headquartered in Hong Kong, and will become China’s largest online platform for the food service industry.  The transaction closed on June 8.

 

The Skadden team included Will Cai, Yuling Geng and Xueyin Zhong.


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