News & Announcements

Weil Advised on Financing for Going-Private Merger of 58.com

Weil represented Mr. Jinbo Yao, the Chairman of the Board and CEO of 58.com Inc. (58.com), on the $300 million financing to Nihao China Corporation (the investment vehicle owned by Mr. Jinbo Yao) in connection with the $8.7 billion going-private merger of 58.com. 58.com is China's largest online classifieds marketplace.

The Weil team was led by Hong Kong Banking & Finance counsel Kevin Yao and included associates Graham Price and Alan Wen (Not Yet Admitted in New York).

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