PE Firms Key As Alibaba Secures $8B Yahoo Share Buyback

Law360, New York (September 18, 2012, 4:43 PM EDT) -- China's Alibaba Group has completed a $7.6 billion buyback of a portion of its shares from Yahoo Inc. thanks in part to private equity investors, Alibaba said Tuesday, restructuring its relationship with the tech giant ahead of a potential initial public offering.

The announcement comes after the companies sketched out a share-repurchase plan in May that would lift half of Sunnyvale, Calif.-based Yahoo's 40 percent stake in the business-to-business online platform, the first major step in further weaning Yahoo off Alibaba's investor rolls. Alibaba's so-called value...
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