Alibaba Is Said to Be Close to Raising $8 Billion

The Chinese e-commerce giant is likely to collect more than USD 8 billion valueing it at USD 43 billion in equity – and will use most of the money to buy back a 20 percent stake in itself from Yahoo for USD 7,1 billion.

This is not a bad return for struggeling Yahoo, as it has invested USD 1 billion for the Alibaba-share about seven years ago.

Alibaba recorded USD 1,8 billion in revenue within the first half of this year, which leads to another quite insane company-valuation….

Link: Alibaba Is Said to Be Close to Raising $8 Billion – NYTimes.com.

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