Alibaba.com buyout plan approved

Chinese e-commerce firm Alibaba Group's $2.5 billion bid to take its Hong Kong-listed unit private was cleared Friday by minority shareholders, easing the way for CEO Jack Ma to gain more control over his company's destiny.

One of China's best known corporate leaders, billionaire Jack Ma, will step down as CEO of Alibaba Group, the e-commerce empire he founded to tap the nation's enormous online shopping potential, passing the reins to "a younger, better equipped" generation.

Private equity firm Silver Lake, China-based Internet giant Alibaba Group and Russian investment firm DST Global are mulling a joint bid for Yahoo, Bloomberg reports, citing ?three people with direct knowledge of the matter.? The story asserts that the group has met with the company and its advisers to inform them about a possible offer; ...

A group of investors including private equity firm Silver Lake, Andreessen Horowitz and Microsoft bid $16.60 a share for a minority stake in Yahoo, Bloomberg reports, citing ?people with knowledge of the matter.? The report says that was lower than an offer made by private equity firm TPG Capital, and that Alibaba Group is monitoring ...

Alibaba.com Ltd , Hong Kong-listed unit of China's Alibaba Group , said on Friday that 83.8 percent of its shareholders have approved a $2.5 billion buyout offer by the parent to take the company private, ...