The Priceline Group Makes $450 Million Investment in Meituan-DianpingOctober 18, 2017
S&C represents The Priceline Group Inc. in its agreement to invest $450 million in Meituan-Dianping through the purchase of preferred shares. In addition, agoda.com, one of Priceline's primary brands, has agreed to enter into a new commercial relationship with Meituan-Dianping. The transactions were announced in connection with Meituan-Dianping's announcement that it had closed a $4 billion funding round.
The S&C team on the transactions was led by Brian Hamilton and Garth Bray, along with Xanthe Ranger.