2012-02-21, today is the big day for both alibaba group and yahoo;
alibaba group formly announced the privatization of alibaba b2b company from hk stock market;
the privatization price is 13.5 hkd, which is almost 60% higher than the average price of recent 60 days’ close price, and about 55.3% higher than the average price of recent 10 days’ close price;
the alibaba chairman jack ma said, ‘with privatization, we do not have to face the pressure of a public company, and can make a good long term strategy which is best for our clients.’
in the accouncement, it’s said that alibaba group is also discussing with yahoo about some deals; but the deals are under discussion; the yahoo-alibaba deals will not dependent on the alibaba b2b privatization, and vice versa.
the official document from hk exchange:
http://www.hkexnews.hk/listedco/listconews/sehk/2012/0221/LTN20120221301_C.pdf
news is from :
http://tech.sina.com.cn/i/2012-02-21/19376751110.shtml