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Announced

3 Dec 2020

Alibaba to acquire a 5.26% stake in Mango TV for $946m.

Synopsis

Alibaba, a provider of online and mobile commerce businesses, agreed to acquire a 5.26% stake in Mango TV, a broadcasting company, for $946m. The deal makes Alibaba the second-largest shareholder in the latter firm, and marks the first major investment by a privately owned tech firm in one of China’s top state-owned online broadcasters.

Principals

target

Mango Excellent Media

bidder

Alibaba Group Holding

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Market Context

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Seller Team (1)

cai huaijun

CEO at MANGO EXCELLENT MEDIA

Manager

target

Deal

£ 678 M

Total Value

Bidder Team (11)

john christiansen

Managing Director at Sard Verbinnen & Co

PR Consultant

bidder

203

Deals

£ 334.24 B

Total Value

brandon pinto

Senior Associate at Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 146.56 B

Total Value

cathy teng

Junior Associate at Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 22.04 B

Total Value

victor hernandez-rodriguez

Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 40.16 B

Total Value

yali chen

Junior Associate at Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 71.45 B

Total Value

allison dyer

Junior Associate at Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 47.58 B

Total Value

rachel cao

Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 8.28 B

Total Value

liv higgins

Junior Associate at Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 38.54 B

Total Value

camilla scassellati sforzolini

Vice President at Sard Verbinnen & Co

PR Consultant

bidder

158

Deals

£ 198.77 B

Total Value

sierra lyle

Junior Associate at Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 121.40 B

Total Value

yin ai

Managing Director at Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 48.41 B

Total Value

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