美国达维律师事务所近日为百度出售中国旅游预订网站携程的股票提供了法律意见，这笔交易涉及携程在纳斯达克上市的价值10亿美元的股票，占百度所持携程股份的三分之一，交易后，百度仍将是携程最大的股东。

通商律师事务所及世达律师事务所为携程提供了相关法律意见，竞天公诚律师事务所及瑞生国际律师事务所在此次交易中协助了承销商。根据路透社报道，百度今年已经损失了三分之一市值，其可能希望从类似携程连通线上线下的业务中脱身而出，更多专注于构建自己的内容生态系统。百度近期接连投资了果壳网和知乎。

达维律师事务所为此次交易提供了服务，项目牵头人为北京办公室合伙人张新华律师和香港办公室合伙人何鲤律师。通商此次项目的牵头人为合伙人崔康康律师，世达的牵头人则为合伙人高准律师和李海平律师。

Davis Polk, Skadden, C&F advise Baidu on $1 bln sale of Ctrip shares

Davis Polk & Wardwell, Skadden, Arps, Slate, Meagher & Flom and Commerce & Finance Law Offices have advised Chinese Internet search giant Baidu on the sale of a third of its Nasdaq-listed shares in travel service website Ctrip for about $1 billion. Jingtian & Gongcheng and Latham & Watkins have advised the underwriters.

Baidu will remain the largest shareholder in Ctrip after the sale. According to Reuters, Baidu has lost more than a third of its market value this year and is pulling away from businesses like Ctrip to focus on building its own content ecosystem. It recently invested in science forum Guoke, and Zhihu, China’s answer to Quora.

The Davis Polk team included Beijing partner Howard Zhang and Hong Kong partner Li He. The Skadden team was led by partners Julie Gao and Haiping Li, and the Commerce & Finance team was led by partner Cui Kangkang.

To contact the editorial team, please email ALBEditor@thomsonreuters.com.