Alibaba.com says 83.8 percent of shareholders back privatization - Yahoo Finance
24 May 2012, 10:46 pm
HONG KONG (Reuters) - Alibaba.com Ltd , Hong Kong-listed unit of China's Alibaba Group (ALIAB.UL), said on Friday that 83.8 percent of its shareholders have approved a $2.5 billion buyout offer by the parent to take the company private ...
Alibaba Cleared to Privatize Unit After Shareholders Vote - Bloomberg
24 May 2012, 9:49 pm Alibaba Group Holding Ltd. won approval to take a Hong Kong-traded unit private, simplifying its structure as it prepares to repurchase a $7.1 billion stake from Yahoo! Inc. (YHOO) before an eventual initial public offering. More than 95 percent ...
China Investment Corp. in Talks for Alibaba Stake - New York Times
24 May 2012, 2:47 pm
The China Investment Corporation is in advanced talks to pour as much as $2 billion into the Alibaba Group to help finance the Internet company’s efforts to buy back a stake from Yahoo, a person briefed on the matter said on Thursday.
China's CIC eyes up to $2 billion stake in Alibaba Group: sources - Reuters
24 May 2012, 6:11 am
HONG KONG (Reuters) - Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it ...
Alibaba Said to Seek Up to $2 Billion From CDB for Yahoo Buy - Bloomberg
22 May 2012, 8:11 pm Alibaba Group Holding Ltd. may borrow as much as $2 billion from China Development Bank Corp. and another $2 billion from a syndicate of international lenders, according to two people familiar with the matter. Alibaba Group plans to seek $2 ...
Alibaba needs 'Cash Coffer' to compete in China: Pro - MoneyControl.com
22 May 2012, 4:05 am
As Alibaba Group`s buyback of half of Yahoo`s stake paves the way for a possible public listing for the Chinese internet giant, one strategist tells CNBC if the company wants to stay competitive in the domestic market it needs to expand, for ...
Yahoo & Alibaba Finally Agree on a Deal - SYS-CON Media (press release)
21 May 2012, 5:28 pm
Yahoo Sunday finally cut a deal with Alibaba Group Holdings Ltd. It's agreed to sell half its 40% stake back to the Chinese e-commerce company for at least $6.3 billion in cash and $800 million in preferred stock. Alibaba will also pay Yahoo $550 million ...
Alibaba buys back stake held by Yahoo for $7.1 billion - International Business Times
21 May 2012, 9:50 am
Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell ...
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion - msnbc.com
21 May 2012, 9:07 am
SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing.
