The afternoon of November 9, according to foreign media reports, according to one informed source said that China’s leading e-commerce company Alibaba Group is seeking to develop a management-led buy-back plan to hold 40% of Yahoo stake in Alibaba, ending with a takeover target itself, Yahoo has become the relationship.
Do not want to clear the name of a source said, Alibaba founder Jack Ma has been in talks with private equity firms to organize a special acquisition fund, and its explicit goal is to acquire Yahoo stake held by Alibaba.
Yahoo in 2005 with about 10 billion acquisition of the stake of Alibaba. However, in the Hong Kong-listed parent company Alibaba Alibaba Group private in the value of these options may be 4.0 billion.
It is understood that Ma and the negotiations between potential investors in the industry insider said that Ma eager to participate in private securities firms is mainly to finance the deal. Because these negotiations are confidential, the person familiar with do not want to disclose their identity.
Alibaba spokesman John Spelich did not comment on this case.
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September 9 messages, one from the Hong Kong Stock Exchange data released showed that Alibaba B2B company’s Chairman of the Board Ma B2B companies yesterday sold a total of 1300 shares.