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Shearman, Davis Polk Advice On $690 Million Acquisition


Shearman, Davis Polk Advice On $690 Million Acquisition

Shearman & Sterling and Davis Polk & Wardwell are advising on a $690 million acquisition of Chinese online game developer Shanda Interactive Entertainment Ltd by Chen. Chen Tianqiao, the chief executive of Shanda, already owns 70 percent of the firm with his wife and brother. The acquisition will be financed by JPMorgan Chase Bank. Shearman & Sterling partners Ling Huang in Beijing and Gregory Puff in Hong Kong are advising Chen on the matter. Davis Polk is advising Shanda while JPMorgan is represented by Clifford Chance

partners Matthew Truman and Neeraj Budhwani in Hong Kong.

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