Announced
Financials
Sources
Tags
Acquisition
real estate brokerage
Real Estate Services
China
Pending
Single Bidder
Minority
Domestic
Public
Friendly
Synopsis
Alibaba, a firm that provides online and mobile commerce businesses, agreed to acquire a 21.73% stake in E-House, a provider of real estate services, for $128m. Further, E-House and a wholly-owned subsidiary of Alibaba entered into an agreement which provides for strategic cooperation between the parties, including the provision by Alibaba to E-House of technical, product, data and operational support to enhance E-House’s digital and online marketing capabilities.
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