Skadden, STB drive $6 bln China taxi app merger
BY Kanishk Verghese, Reuters |
Skadden, Arps, Slate, Meagher & Flom and Simpson Thacher & Bartlett have scored advisory roles on the merger between two of China’s leading taxi-hailing apps, Didi Dache and Kuaidi Dache, which is expected to create one of the world’s largest smartphone-based transport services, valued at roughly $6 billion.