Alibaba Plans To Take Hong Kong-listed Unit Private; Yahoo! Eyeing Asset-swap …
Chinese e-commerce company Alibaba Group plans to take its Hong Kong-listed unit private, two sources familiar with the matter said, and is working with Yahoo! on an asset-swap deal that may result in Yahoo! owning a direct stake in one of Alibaba Group’s operating businesses.
The sources told Reuters that taking Alibaba.com private was only one of the proposals being discussed and a final solution to the saga is still being hammered out.
Alibaba Group’s plans are part of an overall deal Read more [...]