US EUROPE AFRICA ASIA 中文
    Business / Gadgets

    Alibaba offers to buy digital mapping company AutoNavi

    (Agencies) Updated: 2014-02-11 09:22

    AutoNavi, which went public in 2010, also provides map software for Samsung Electronics Co Ltd's smartphones as well as services to China Mobile Ltd and Google Inc.

    AutoNavi said on Monday that Alibaba had offered to buy the 72 percent of the company that it did not own for $21 per American depository share, or $5.25 in cash per ordinary share.

    The offer represents a premium of 27 percent to AutoNavi's ADR close of $16.54 on the Nasdaq on Friday.

    AutoNavi shares were trading slightly below the offer at $20.57 in early trading on Monday.

    The company's shares have risen about 47 percent in the past year. The stock was trading at 39 times earnings for the last four quarters, more than double that of other navigation device makers such as Garmin Ltd and TomTom NV.

    The proposed buyout follows a series of deals in the fast-growing Chinese technology sector.

    Alibaba, which is expected to go public in the United States this year, bought a stake in Sina Corp's microblogging service Weibo, the Chinese equivalent of Twitter, last April.

    Alibaba, which is 24 percent owned by Yahoo Inc, announced its 28 percent stake in AutoNavi in May.

    AutoNavi said it would form a committee including financial and legal advisers to consider the offer, which Alibaba plans to fund with cash on hand.

    Alibaba runs Taobao Marketplace, China's largest consumer-focused e-commerce website, business-to-business commerce platform Alibaba.com and Alipay, a PayPal-like online payment platform.

     

    Previous Page 1 2 Next Page

    Hot Topics

    Editor's Picks
    ...
    ...
    日韩人妻无码中文字幕视频| 99在线精品国自产拍中文字幕| 亚洲精品无码av天堂| 中文字幕丰满乱孑伦无码专区 | 亚洲av无码一区二区三区四区| 久久精品中文字幕无码绿巨人 | 日韩精品无码久久久久久| 最近2019中文字幕一页二页| 中文无码vs无码人妻| 国产白丝无码免费视频| 亚洲AV综合色区无码另类小说 | 亚洲VA成无码人在线观看天堂| 最近2019免费中文字幕视频三| 色欲香天天综合网无码| 精品欧洲av无码一区二区| 亚洲AV无码一区东京热久久 | 中文字幕亚洲无线码a| 精品久久久久久中文字幕人妻最新| 18禁免费无码无遮挡不卡网站 | 精品成在人线AV无码免费看| 亚洲AV无码成人精品区在线观看| 亚洲美日韩Av中文字幕无码久久久妻妇 | 中文最新版地址在线| 日韩免费a级毛片无码a∨| 久热中文字幕无码视频| 无码av免费网站| 无码人妻精品一区二区三区66 | 日韩人妻无码精品久久久不卡| 日韩精品无码免费专区网站| 中文字幕精品一区二区三区视频| 最新中文字幕在线观看| 亚洲AV无码无限在线观看不卡| 中文字幕日韩欧美| 高清无码午夜福利在线观看| 成人无码AV一区二区| 伊人久久无码中文字幕| 亚洲va无码专区国产乱码| 日韩乱码人妻无码系列中文字幕 | 久久久久亚洲AV无码永不| 国产乱子伦精品无码码专区| 18禁裸乳无遮挡啪啪无码免费|