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Details of Ali NetEase transaction disclosed: $1.7 billion 14.3 million share acquisition koala

via:新浪科技     time:2019/9/9 18:30:32     readed:738

Including cash and about 14.3 million newly issued common shares of Alibaba (equivalent to about 1.8 million U.S. depository shares), the value is about $300 million.

Alibaba also agreed to invest $468 million in cash for a minority stake in NetEase Cloud Music, NetEase's music streaming service. The completion of the transaction depends on certain terms of the transaction. Yunfeng Capital will also make a small investment in NetEase Cloud Music.

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