The New York Stock Exchange and the Nasdaq Stock Market have each agreed to let Alibaba Group Holding’s founder and senior management team have control over the board of the Chinese e-commerce giant if it seeks to list its stock on the exchanges, Alibaba said.
To find an alternative to a dual-class structure, Alibaba and the Hong Kong exchange are discussing creative ways to enable Alibaba’s key owners to maintain a certain level of control over the company.
The battle for control of Dell Inc. is about to move into a new, heated phase, when the company and the group trying to buy it will for the first time be able to press their case directly to shareholders.
The Oakmark Funds, a group of mutual funds that was one of Dell Inc.’s larger shareholders, sold its stake after Blackstone Group LP withdrew its potential bid for the PC maker, Oakmark said Wednesday.
Eventbrite Inc., an event ticketing company, has raised $60 million from two investors, making it the latest example of a startup to raise significant private late-stage funding that puts off an initial public offering.