Giant Interactive Sells $200M Stake In Alibaba Owners

Law360, New York (February 13, 2014, 7:51 PM EST) -- Chinese video game company Giant Interactive Group Inc. agreed to sell its stake in two funds that own Chinese e-commerce giant Alibaba Group Holding Ltd. for $199.1 million to Tiger Global Mauritius Fund, the company said in a regulatory filing Tuesday.

Giant said it is selling its interest in Yunfeng E-Commerce Fund A LP and Yufeng E-Commerce Fund B LP, which collectively own all of Alibaba Group, to the N.Y.-based private equity fund, according to a filing with the U.S. Securities and Exchange Commission. The sale...
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