PRC internet company makes Russian investment

    May 13, 2010 | BY

    clpstaff &clp articles

    PRC-based internet company, Tencent Holdings has made a US$300 million investment in Russian internet provider Digital Sky Technologies. This transaction…

    PRC-based internet company, Tencent Holdings has made a US$300 million investment in Russian internet provider Digital Sky Technologies. This transaction is one of the first significant outbound investments by a Chinese internet company.

    Tencent was advised by groups in the Hong Kong and Moscow offices at Freshfields Bruckhaus Deringer. Teresa Ko and Calvin Lai led the team from Hong Kong. Skadden Arps Slate Meagher & Flom's Hong Kong team was also involved, representing Credit Suisse as an independent financial adviser.

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