kingwoep schreef op 10 februari 2014 15:00:
En dan komt zo
misschien Yahoo ook in beeld:
NEW YORK (TheStreet) -- AutoNavi Holdings (AMAP_) shares surged 26.7% to $20.96 following news that Alibaba wants to own the rest of the company.
AutoNavi announced Alibaba wants to acquire the company for $21 per share in cash, with the deal funded from cash on hand.
Beijing-based AutoNavi said its Board of Directors received a non-binding proposal letter, dated Feb. 10, 2014, from Alibaba that proposes a "going-private" transaction.
The company announced it will form an independent group of directors to asses the proposal. It will also retain financial advisors and legal counsel to help asses the propsal.
Alibaba, which is 24% owned by Yahoo! (YHOO_), already owns 28% of AutoNavi, which provides digital map content, and navigation and location-based solutions in China. In addition to the strategic relationship with Alibaba, AutoNavi has mapping partnerships with TomTom and SINA (SINA_).