23 October, 2017
Sullivan & Cromwell LLP represents The Priceline Group Inc. (U.S.) in its agreement to invest $450 million in Meituan-Dianping (China) through the purchase of preferred shares. In addition, agoda.com, one of Priceline’s primary brands, has agreed to enter into a new commercial relationship with Meituan-Dianping. The transactions were announced on October 18, 2017 in connection with Meituan-Dianping’s announcement that it had closed a $4 billion funding round. The S&C team on the transactions includes:
Corporate:
Brian E. Hamilton (Partner, New York)
Garth W. Bray (Partner, Hong Kong)
Xanthe Ranger (Associate, New York)
Press: https://www.sec.gov/Archives/edgar/data/1075531/
000107553117000031/a8kmeituaninvestment.htm
