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New Deal


Announced

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

Financials

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Transaction Value£678m
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Radio and TV Broadcasters

Minority

Pending

broadcasting company

Friendly

Domestic

Private

China

Single Bidder

Synopsis

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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.

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