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US$733 Million Deal Creates One of China’s Largest Software Companies

24 September 2012

US$733 Million Deal Creates One of China’s Largest Software Companies

NASDAQ-listed AsiaInfo Holdings has completed its merger with Linkage Technologies International Holdings, which closed on July 1. The transaction, a cash and stock deal valued at approximately US$733 million, creates one of the largest software companies in China.

AsiaInfo is a leading provider of software solutions and IT services for the telecommunications industry in China. The company has played a significant role in the construction of the national backbones and access networks for China’s major national telecom carriers.

With the acquisition of Linkage Technologies, the combined company, renamed AsiaInfo-Linkage, will have a market capitalization of approximately US$1.7 billion and more than 8,000 employees.

DLA Piper and Han Kun Law Office acted as legal advisors to AsiaInfo in the transaction; Bank of America Merrill Lynch served as AsiaInfo’s financial advisor. Barclays Capital served as financial advisor, and Latham & Watkins and Global Law Office served as legal advisors, to Linkage.

“AsiaInfo’s merger with Linkage Technologies is the one of the largest M&A transactions ever in China’s technology sector and creates one of China’s largest software companies,” said Matt Adler, a partner at DLA Piper in Seattle. “We believe consolidation will continue in the sector as China’s economy continues to focus on innovation.”

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