HONG KONG (Reuters) – Chinese e-commerce firm Alibaba Group is set to sign on Monday a $3 billion (1 billion pound) loan it plans to use to take private its Hong Kong-listed unit, Alibaba.com, Thomson Reuters publication Basis Point reported. Alibaba G…
Read moreAlibaba to secure loan, eyes HK unit buyout
SHANGHAI (Reuters) – If anyone can pull off the labyrinthine deal between Alibaba Group and Yahoo Inc, it is Jack Ma, who founded the e-commerce group and within a decade unlocked China’s huge online shopping potential. The former tour guide and Englis…
Read moreFactbox – Alibaba Group’s key assets
(Reuters) – Alibaba Group plans to take its Hong Kong-listed unit private, sources have told Reuters, in a move that would tighten founder Jack Ma’s grip on the company and give Yahoo Inc cash and a likely stake one of the Chinese e-commerce group’s op…
Read moreYahoo chairman exits, review drags on
SAN FRANCISCO (Reuters) – Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China’s Alibaba Group and Yahoo Jap…
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