Notable Mergers and Acquisitions 2/9: (BABA) (NGL) (MSI) (MCGC) (ACN) - InvestingChannel

Notable Mergers and Acquisitions 2/9: (BABA) (NGL) (MSI) (MCGC) (ACN)

* Alibaba (NYSE: BABA) and Meizu Technology Corporation Limited (“Meizu”) announced that Alibaba Group has agreed to invest US$590 million for a minority stake in Meizu, one of China’s leading smartphone manufacturers.

This investment will be subject to customary closing conditions.

As a result of the investment, Alibaba Group and Meizu will collaborate at both strategic and business levels to achieve a deeper integration of Meizu’s hardware and Alibaba Group’s mobile operating system. Alibaba Group will provide Meizu with resources and support in the fields of e-commerce, mobile Internet, mobile operating system and data analysis with the aim of developing Meizu’s

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