Davis Polk advised Tencent in connection with its acquisition of 5% of Tesla’s common stock for approximately $1.8 billion.
Tencent is one of China’s largest and most widely used Internet service portals. Tesla designs and sells electric vehicles and energy storage systems, and installs and maintains solar and energy storage products.
The Davis Polk corporate team included partners Kirtee Kapoor and Miranda So, counsel Brian J. Snyder and associate Abhishek Kolay. Partner Linda Chatman Thomsen provided securities law advice. Counsel Mary K. Marks provided antitrust and competition advice. Members of the Davis Polk team are based in the Northern California, Hong Kong, New York and Washington DC offices.