Davis Polk is advising the buyer group consisting of Mr. Leilei Wang, Gongqingcheng Wujiang Xingyao Investment Management Partnership (Limited Partnership), Hexie Chengzhang Phase II (Yiwu) Investment Center (Limited Partnership) and some of their affiliates in connection with the going-private transaction of KongZhong Corporation.
Mr. Leilei Wang is the chairman and chief executive officer of KongZhong. The transaction is subject to customary closing conditions, including approval by the shareholders of KongZhong. Davis Polk is also advising the buyer group to secure a loan facility from China Merchants Bank, Co., Ltd., New York Branch to finance the going-private transaction.
KongZhong is a leading online game developer and operator in China. It operates three main business units, namely Internet games, mobile games and WVAS. Under Internet games, KongZhong operates the largest Chinese military gaming platform under the “WAR SAGA” brand.
The Davis Polk corporate team includes partner Howard Zhang (Picture) and registered foreign lawyer Lijun (Annie) Yan. Counsel Margie Chan and registered foreign lawyer Xuelin (Steve) Wang are providing credit advice.
Law Firms: Davis Polk & Wardwell;