July 18, 2014
Weil advised Baring Private Equity Asia as a member of a consortium led by Giant Interactive Group’s Chairman Yuzhu Shi that has entered into a definitive merger agreement to acquire Giant Interactive Group, China's leading online game developer and operator listed on the NYSE. Giant Interactive is one of the largest US-listed Chinese companies to be taken private with a total deal value of approximately $3 billion. The transaction closed on July 18, 2014.
Giant Interactive Group focuses on massively multiplayer online role playing games. Currently, Giant operates multiple games, including the ZT Online 1 Series, ZT Online 2, Elsword, and World of Xianxia.
The Weil team on this transaction was led by Akiko Mikumo and M&A associates Chris Welty, Erika Evasdottir and Jeremiah Phillips, and Banking & Finance partner Soo-Jin Shim and associates Eugene C. Kim and Emma Rubin. All are based in Weil’s Hong Kong office.