Remember all the earlier talk about Alibaba and Yahoo working something out, only to have pessimism about the deal seep in not too soon. Well, the latest news surrounding Chinese e-commerce group Alibaba is this – they might just take their Hong Kong-listed unit private at approximately the price of its 2007 initial public offering, and industry watches cite a price point of approximately HK$18 billion – that translates to a cool $2.3 billion. The Hong Kong Economic Times reported such, claiming that Alibaba could very well offer HK$13.50 each for all outstanding shares that it did not already own in the unit.
Ubergizmo, Alibaba might go private for $2.3 billion
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