Posted On: 02/22/2012 12:37:43 AM
Post# of 36169
Alibaba Group Offers $2.5 Billion to Take Listed Unit Private
Alibaba Group Holding Ltd., in talks to buy back a stake owned by Yahoo! Inc., offered as much as HK$19.6 billion ($2.5 billion) to privatize a listed unit and gain full control of China’s biggest corporate e-commerce site.
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