Simpson Thacher Bartlett and Kirkland & Ellis are advising as Alibaba looks to acquire digital mapping company AutoNavi in a $1.58bn (£947,000) take-private transaction. Alibaba, which took a 28% stake in the company last year, has offered to pay cash for the shares that it does not own in AutoNavi - currently listed on Nasdaq.
February 26, 2014 at 03:02 AM
1 minute read
The original version of this story was published on Legalweek
Simpson Thacher Bartlett and Kirkland & Ellis are advising as Alibaba looks to acquire digital mapping company AutoNavi in a $1.58bn (£947,000) take-private transaction.
Alibaba, which took a 28% stake in the company last year, has offered to pay cash for the shares that it does not own in AutoNavi – currently listed on Nasdaq.
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