Shanghai and Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it is advising Jiayuan.com in connection with its merger with FutureWorld Inc., an indirect, wholly-owned subsidiary of Baihe Network Co., Ltd., a joint-stock company listed on the National Equities Exchange and Quotations of the People’s Republic of China. The merger consideration is US$5.04 per ordinary share or US$7.56 per American Depositary Share, each two American Depositary Shares representing three ordinary shares. The transaction is subject to customary closing conditions, including approval by the shareholders of Jiayuan.com and is expected to close by the end of the first quarter of 2016.
Jiayuan.com operates the largest online dating platform in China. It is committed to providing a trusted, effective, and user-focused online dating platform that addresses the dating and marriage needs of China's rapidly growing urban singles population.
The Paul Hastings team was led by David Wang (Partner, M&A), Jia Yan (Partner, M&A) and Tim Sung (Of Counsel, Capital Markets).
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