Cases & Deals

Phoenix Satellite Television Holdings subsidiary raises capital in Series A round

Clients Phoenix Satellite Television Holdings Ltd.

Jones Day represented Phoenix Satellite Television Holdings Ltd., a Hong Kong-listed Chinese language broadcaster, in connection with the issuance of US$25 million of Series A Preference Shares by Phoenix New Media Limited, a provider of a wide range of information including entertainment and news through integrated communication platforms, in a private placement to Morningside Ventures, Intel Capital and Bertelsmann Asia Investment Funds.