Weil, Gotshal & Manges LLP represented China Media Capital (“CMC”) in connection with its agreement with News Corporation to acquire a controlling stake in three Chinese television channels (Xing Kong, Xing Kong International and Channel [V] Mainland China) and its Fortune Star Chinese movie library. CMC is China’s first private equity fund with a focus on investment in the media industry, and seeks to identify investment opportunities in media businesses both in China and internationally. The agreement with News Corporation represents CMC’s first investment project. Weil previously represented CMC in the formation of its fund.
The Weil team included partners Peter Feist and Henry Ong of the Hong Kong office, Kevin Ban of the Shanghai office and Jeffrey Osterman of the New York office, and associates Lei Yu, Wenfeng Li, Peng Yu, Carrie Suen, Shirley Lu, Joyce Du, Haitang Xu, Arlene Hahn, Alicia Speake, Emily Wapples, Kimberleigh Scott and Oliver Walker.
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