Deals
Alibaba Said to Plan Privatizing Alibaba.com Close to IPO Price
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Alibaba Group Holding Ltd. plans to take private its Alibaba.com Ltd. unit in a deal that may value the Hong Kong-listed company at as much as $8.7 billion, according to two people with knowledge of the matter.
China’s biggest e-commerce company, which owns more than 72 percent of Alibaba.com, may offer a price close to the HK$13.50 a share at which the stock was sold in a 2007 initial public offering, one person said, asking not to be identified because the information is private. That’s 55 percent above Alibaba.com’ 20-day moving average through Feb. 8, after which its shares were suspended.