HONG KONG: Chinese e-commerce company Alibaba Group plans to take its Hong Kong-listed unit, Alibaba.com, private, two sources familiar with the matter said.
Under the yet-to-be-finalised deal, Alibaba would use borrowed money and internal cash as well as an asset swap to buy back most of a 40% stake that Yahoo owns in Alibaba Group, the sources said.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!