Alibaba Group Holding Limited (NYSE: BABA) today announced the terms of its previously announced purchase of Alibaba Group ordinary shares from SoftBank Group. Alibaba Group has agreed to purchase 27,027,027 Alibaba ordinary shares from SoftBank Group at US$74.00 per share for an aggregate of US$2 billion. Members of the Alibaba Partnership, acting collectively, have also agreed to purchase 5,405,405 Alibaba ordinary shares from SoftBank Group at the same price per share for an aggregate of US$400 million.
Alibaba Group has agreed to purchase 27,027,027 Alibaba ordinary shares from SoftBank Group at US$74.00 per share for an aggregate of US$2 billion.
Members of the Alibaba Partnership, acting collectively, have also agreed to purchase 5,405,405 Alibaba ordinary shares from SoftBank Group at the same price per share for an aggregate of US$400 million.
In conjunction with these transactions, SoftBank Group agreed to separate private placements of Alibaba ordinary shares in the amounts of US$500 million to Gamlight Pte Ltd, a wholly owned subsidiary of GIC Private Limited, and US$500 million to Aranda Investments Pte. Ltd., a wholly-owned subsidiary of Temasek Holdings (Private) Limited. The private placements to GIC and Aranda are also at US$74.00 per share.
The purchases are subject to certain closing conditions, including the closing of the METS offering. Upon closing, the number of Alibaba Group ordinary shares outstanding will be reduced by the 27,027,027 shares it is purchasing.