Latham Advises Black Spade Acquisition II Co on US$488 Million Business Combination With WME

Latham & Watkins has advised Black Spade Acquisition II Co (BSII), a blank check company incorporated for the purpose of effecting a business combination, on its business combination agreement with World Media and Entertainment Universal Inc. (WME), a global media and entertainment company covering high fashion, arts, lifestyle, culture, entertainment, and luxury hospitality.

The business combination values WME at an equity value of approximately US$488 million. Upon the completion of the transactions contemplated by the business combination agreement, the combined company will retain its name “World Media and Entertainment Universal Inc.” and its headquarters in Paris, and its ordinary shares will be listed on a US stock exchange.

The Latham team was led by Singapore corporate partners Sharon Lau and Stacey Wong, with associates Tommy Tan and Ein Le Lim, Hong Kong associate Yao Yang, and Beijing associate Caroline Lin. Advice on DTT matters was provided by Singapore counsel Esther Franks, with associates Benjamin Han and Zoe Wang, and Seoul associate Alex Park; and on tax matters by New York partner Aaron Bernstein, with associate Sam Yang and Boston associate Tessa Young.