SHANGHAI, June 26, 2015
/PRNewswire/ -- Taomee Holdings Limited (NYSE: TAOM) ("Taomee"
or the "Company"), one of the leading children's entertainment and
media companies in China, today announced that following the
formation of the special committee consisting of three independent
directors, Mr. JP Gan, Mr. Shengwen Rong and Mr. Ted
Lai (the "Special Committee") by the board of directors (the
"Board") to consider the previously announced non-binding
"going private" proposal that the Board received on June 1, 2015, the Special Committee has retained
Duff & Phelps Securities, LLC as its financial advisor and
Ropes & Gray as its international legal counsel to assist the
Special Committee in this process.
The Company cautions its shareholders and others considering
trading in its securities that the Company has just received the
non-binding proposal and has not made any decisions with respect to
the Company's response to the proposal. There can be no assurance
that any definitive offer will be made, that any agreement will be
executed or that this or any other transaction will be approved or
consummated. The Company does not undertake any obligation to
provide any updates with respect to this or any other transaction,
except as required under applicable law.
About Taomee Holdings Limited
Taomee Holdings Limited ("Taomee" or "the Company")
is China's leader in children's entertainment and media.
Its award winning content offerings are both engaging and
educational, endearing it to children, as well as to parents and
teachers. The Company was founded in 2007 with the mission to bring
joy and inspiration to children. Its popular character franchises,
including SEER and MOLE'S WORLD, are distributed online via virtual
worlds, web games, and mobile applications, as well as through
traditional media, including animated box office films, TV series,
books, and consumer products, most notably toys and trading cards.
Its online community regularly achieves top search ranking
in mainland China, Hong Kong, and Taiwan.
Taomee has been consistently recognized for its leadership and
innovative contributions to the children's market, including
accolades from China's Ministry of Culture and
the China Animation Association.
For more information, please
visit: http://www.taomee.com/en_taomee.html
- Visit online virtual world communities at www.61.com
- Watch animations and films at http://v.61.com/
- Download mobile games and applications
at http://m.61.com/
- Share with other parents and caregivers
at http://mama.61.com/
For further information, please contact
Taomee Holdings Limited
Angela Wang
+86-21-61280056 Ext 8651
ir@taomee.com
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SOURCE Taomee Holdings Limited
