Alibaba Group Holding Ltd. plans to take private its Hong Kong-listed Alibaba.com Ltd. in a U.S. $2.3 billion deal to shore up the e-commerce portal.
The Chinese company, which currently owns 73% of Alibaba.com, said Tuesday that the move would free it from “the pressures” of having a listed company.
The deal appears unrelated to a possible move to buy back Alibaba Group shares owned by Yahoo Inc.
Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.
We also solicit original full-length posts and accept some unsolicited submissions.
