Buy back News
Ma says so Jack Ma may have failed to buy back a stake in his e-commerce group Alibaba from US partner Yahoo, but he has at least found a fallback plan. Ma has offered $2.5 billion to take his Hong Kong-listed unit, Alibaba.com private. The premium, 46 pct to the company’s last price before the deal was announced, is decent, and minority investors have no better options. But it still looks opportunistic.
Alibaba.com
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