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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, hedge funds, financial advisors and other financial institutions and investors on their most important merger, acquisitions and takeover transactions.

Tencent Offers to Acquire eLong

As reported by The Wall Street Journal and other media outlets, eLong Inc., a leading mobile and online travel service provider in China, announced that it has received a proposal from Paul, Weiss client Tencent Holdings Ltd., a leading provider of comprehensive Internet services in China, to take the U.S.-listed company private by acquiring all the outstanding ordinary shares of eLong that are not owned by its subsidiary TCH Sapphire LTD. The proposed price of $18 per American depositary share represents a 24 percent premium over the stock's closing price on July 31.

The Paul, Weiss team included corporate partners David Huntington, Steven Williams and counsel Paul Donnelly.

August 4, 2015

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