Today, Alibaba Group and Yahoo jointly announced that the two sides have signed a definitive agreement to share buy-back
Alibaba Group, will spend $ 6.3 billion in cash and not more than $ 800 million in preferred stock of the new Ali Group,
to buy back the hands of Yahoo holds half of the Ali Group shares, or 20% of the equity of the Alibaba Group. IPO,
such as the future Ali Group Alibaba Group is entitled to 50% of the remaining holdings in the IPO on the occasion
epurchase Yahoo.
Alibaba Group, said the transaction is completed, the new Board of Directors of the Company, Softbank and Yahoo's voting
rights will be reduced to 50%. Cheap cellphone accessories As part of the deal, Yahoo will give up the power of
appointment of the second members of the Board, but also to give up a series of Alibaba Group's strategic and operational
decision-making power of veto. Alibaba Group's Board of Directors of the Company will maintain a ratio of 2:1:1 (Alibaba Group, Yahoo,
Softbank).
It is said that Alibaba to do so, there have been a motivation for listing, but at this point there is no contractual obligation or
The above transactions do not need the approval of the relevant regulatory authorities or shareholders, but also does not
include agreement outside of the other conditions attached.
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