Yunfeng Capital, Silver Lake Complete Alibaba Deal

Yunfeng Capital, Silver Lake and other investors have completed the purchase of a 5% stake in Alibaba Group, parent of listed Alibaba.com, worth $1.6 billion on November 1, Reuters reported Thursday.The private equity firms were purchasing the shares by leading a tender offer for employee shareholders, option holders and certain other shareholders of Alibaba Group, Reuters wrote.

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