Davis Polk advised Tango on a $280 million round of financing led by the Alibaba Group at $215 million, with the additional $65 million coming from some of Tango’s prior investors.
Founded in 2009 and headquartered in Mountain View, California, Tango is a free mobile messaging service and content platform with over 200 million registered users. Alibaba Group is a family of Internet-based businesses with a mission to make it easy for anyone to buy or sell anywhere in the world.
The Davis Polk corporate team included partner William M. Kelly and associates Peter M. Lamb and Jeffrey Hedrick. Partner John B. Reynolds III and counsel Jeanine P. McGuinness provided regulatory advice. Counsel Stephen M. Pepper provided antitrust and competition advice. Members of the Davis Polk team are based in the Menlo Park, New York and Washington DC offices.
