2 August, 2016
Didi Chuxing, China's leading ride-hailing service, has completed a merger with Uber China. As a result of the merger, Uber China has become a wholly owned subsidiary of Didi Chuxing while Uber Technologies Inc. and other former shareholders of Uber China have become minority shareholders of Didi Chuxing. According to media reports, the combined company would be valued at US$35 billion.
Skadden is representing Didi Chuxing in the merger. Previously, Skadden also represented Didi Dache in its merger with Kuaidi Dache in February 2015.
The Skadden team includes: partners Julie Gao and Will Cai, counsel Shu Du (Hong Kong) and Asia Pacific counsel Yuting Wu (Shanghai) for corporate; partners David Rievman (New York) and Nathan Giesselman (Palo Alto) for tax; partners Steven Sunshine (Washington D.C.) and Matthew Hendrickson (New York), counsel Andrew Foster (Hong Kong) and Rita Sinkfield Belin (New York) for anti-trust; counsel Carrie LeRoy (Palo Alto) for intellectual property; and partner Rory McAlpine (Hong Kong) for enforcement.
