DST, Silver Lake Join $1.6B Tender Offer For Alibaba

Law360, New York (September 22, 2011, 6:44 PM EDT) -- Russian venture capital firm Digital Sky Technologies and private equity firm Silver Lake said Thursday they were investing in China’s e-commerce giant Alibaba Group as part of a team carrying out a reported $1.6 billion tender offer.

DST and Silver Lake said they are among the companies participating in Alibaba’s “employee liquidity program,” offering an undisclosed amount for shares held by the company’s workers and option holders.

The $1.6 billion tender offer launched Thursday values Alibaba at more than $32 billion, the New York Times reported,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.