$ 7.6 billion to buy back Yahoo Alibaba shares held
Alibaba Yahoo’s initial investment in 2005 valued at $ 2.5 billion, Alibaba’s value is more than twice that of the troubled U.S. Internet company Yahoo.
Alibaba has Yahoo paid $ 7.6 billion to repurchase the latter held a 40% stake in half agreement reached in May this year. The repo funding sources including funds raised from the international investment consortium loans and issued shares, as well as its own funds.
Institutions led by the Chinese sovereign wealth fund – China Investment Corporation (CIC) to subscribe for the equity portion of the financing. Alibaba through equity financing to raise a total of approximately $ 3.9 billion of capital.プラダ 財布
Repurchase transactions Alibaba initial public offering (IPO) paved the way, then Alibaba can repurchase the remaining shares held by Yahoo.
$ 6.3 billion in cash and $ 800 million of preference shares of Alibaba, Yahoo in the transaction in addition to amendments to the two companies and patent license agreement $ 550 million.
Alibaba Chairman and CEO Jack Ma (Jack Ma), said the transaction “open a new chapter in the relations of the two companies”. Seven years ago, Yahoo co-founder Jerry Yang (Jerry Yang) has invested $ 1 billion in Alibaba.
Meili Sha • Mel (Marissa Mayer), in July this year, Yahoo’s chief executive, is considering like the commitment of his predecessor as the return of the $ 5 billion sale of shares obtained shareholders, or to use these funds to make acquisitions or restructuring.
Alibaba said that the valuation of the equity financing of the company’s approximately $ 40 billion, $ 35 billion higher than projected in May. CIC International (CIC International), two private equity investment firm Boyu Capital (Boyu Capital) and CITIC Capital (Citic Capital), as well as China Development Bank (CDB)’s equity investment institutions CDB Finance (CDB Capital ) led by institutions to participate in the equity financing.
A year ago, including Silver Lake Silver Lake, DST Global (DST Global) and Temasek (Temasek) institutions to Alibaba Group to invest 2 billion U.S. dollars to provide liquidity for the Group earlier investors and employees. As part of this transaction, the three institutions to increase their investment.
A consortium of eight international banks, including Barclays Bank (Barclays), Citigroup (Citigroup), Credit Suisse (Credit Suisse) and Deutsche Bank (Deutsche Bank), the deal provides a $ 1 billion senior loan, at the same time China Development Bank to provide another loan of $ 1,000,000,000.プラダメンズバッグ
Alibaba said that this was the largest amount of private financing of the Chinese unlisted companies.
In February this year, Alibaba published in 2011 showed a profit, earnings per share increased by 23% to HK $ 0.41 (5.2 cents), interest, taxes, amortization profit of 1.9 billion yuan ($ 306 million U.S. dollars) , an increase of 22%.
Yahoo shares in New York trading late in the morning rose nearly 0.5%, to $ 15.74.
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