Home GRASP GRASP/China Alibaba to help China retailer Intime go private in $2.6 billion deal

Alibaba to help China retailer Intime go private in $2.6 billion deal

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NewsHubAlibaba Group Holding Ltd. said it would team up with the founder of China’s Intime Retail (Group) Co. to take the department-store operator private, as the e-commerce giant seeks to extend its online dominance into physical stores.
The deal requires approval from Intime shareholders and from a court in the Cayman Islands, where Intime is incorporated, an Alibaba spokeswoman said.

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