Alibaba In New Brick-And-Mortar Push With $2.6B Intime Deal
PYMNTS
JANUARY 11, 2017
Alibaba is at the forefront of a bid that would take Intime Retail Group private, with a price tag of as much as $2.6 billion price tag would offer up a 42 percent premium for Intime, as paid by Alibaba and Intime Founder Shen Guojun, at HK$10 a share — and Alibaba already owns three-quarters of the company’s stock.
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