Alibaba Goes Private

Posted by Joachim Bartels | May 29, 2012 | Alibaba, E-Commerce, Online Media - Buyer - Seller Platforms, Uncategorized | 0 |

Alibaba Group Holdings Ltd.’s plan to take back control of the company got another boost as minority shareholders voted in favor of taking the company’s Hong Kong-listed unit private.

Alibaba Group will pay HK$13.50 per share for the 27% stake it doesn’t already own in publicly-traded Alibaba.com. The move is part of its plan to assert more control over the company without the pressures of being listed, and comes after a deal was struck earlier this week over Yahoo Inc.’s 40% stake in Alibaba.

Source: Wall Street Journal

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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