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O’Melveny’s Representation of 1Verge in Alibaba’s Investment in Youku Tudoi Noted in Multiple OutletsApril 29, 2014
O’Melveny & Myers’ representation of 1Verge Holdings Ltd. in connection with Alibaba Group’s investment in Youku Tudou Inc., China’s leading Internet television company, was covered by publications including Law360, China Daily, Asian Legal Business, and The Asian Lawyer. According to the articles, Hangzhou-based Alibaba and Yunfeng Capital will jointly hold a 18.5 percent stake in Nasdaq-listed Youku Tudou. O’Melveny’s Paul Scrivano and Steven Tonsfeldt represented 1Verge in connection with the investment as Youku Tudou’s largest corporate shareholder.
Scrivano is a member of O’Melveny’s Mergers & Acquisitions Practice, and divides his time among the Firm’s New York, San Francisco, and Silicon Valley offices. Tonsfeldt is Chair of O’Melveny’s Mergers & Acquisitions Practice, and resides in the Firm’s Silicon Valley office.