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Tencent Makes Investment in Smule
- Client News
- May 4, 2017
Paul, Weiss advised an affiliate of China media and internet conglomerate Tencent in its Series H preferred stock investment in Smule, Inc. Smule is a U.S.-based social media music company and developer. Tencent joined Adams Street Partners and Bessemer Ventures, among others, in the $54 million financing round.
The Paul, Weiss team included corporate partners Chuck Googe, Steven Williams and Tong Yu and counsel Paul Donnelly and David Lee; entertainment counsel Carolyn Casselman; litigation partner Aidan Synnott and counsel Darren Johnson; and employee benefits partner Lawrence Witdorchic.