Davis Polk is advising Shanda Investment Holdings Limited (“Shanda”) in connection with its going-private acquisition of Ku6 Media Company Limited (“Ku6 Media”) for a cash consideration of $0.0108 per ordinary share or $1.08 per American Depository Share. The transaction is subject to customary closing conditions, including approval by the shareholders of Ku6 Media, and is expected to close in the second half of 2016. Shanda currently owns approximately 69.9% of Ku6 Media’s issued and outstanding shares (including shares represented by ADSs).

Headquartered in Beijing, China, and listed on NASDAQ, Ku6 Media is a leading Internet video company in China focused on user-generated content. Through its premier online brand and online video website, www.ku6.com, Ku6 Media provides online video uploading and sharing services, video reports, information and entertainment in China.

The Davis Polk team includes corporate partner Miranda So, counsel Sam Kelso and registered foreign lawyer Lin Ma. All members of the Davis Polk team are based in the Hong Kong office.

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