SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
July 18, 2018
Commission File Number: 001-36614
Alibaba Group Holding Limited
(Registrants name)
c/o Alibaba Group Services Limited
26/F Tower One, Times Square
1 Matheson Street
Causeway Bay
Hong Kong
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ALIBABA GROUP HOLDING LIMITED | |
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Date: July 18, 2018 |
By: |
/s/ Timothy A. STEINERT |
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Name: |
Timothy A. STEINERT |
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Title: |
General Counsel and Secretary |
Alibaba to Acquire Minority Interest in Focus Media
Alibaba Group Holding Limited has agreed to acquire a minority equity interest in Focus Media Information Technology Co., Ltd. (SZ 002027) (Focus Media) to jointly explore innovative digital marketing initiatives tied to Alibabas New Retail strategy.
Pursuant to the agreements entered into with certain existing shareholders of Focus Media, Alibaba will acquire a total of an approximately 6.62% equity interest of Focus Media for an aggregate purchase price of RMB9.63 billion through direct purchase of secondary shares and acquisition of certain of these shareholders offshore entities that hold Focus Media shares. Alibaba is also seeking to acquire up to another 5% of Focus Medias equity interest in the next 12 months. In addition, to better align Alibabas interest with that of the management team of Focus Media, Alibaba has agreed to acquire, through subscription for newly-issued shares, a 10% equity interest of an entity controlled by Mr. Jason Nanchun Jiang, founder and chairman of Focus Media, which holds 23.34% of the Focus Media shares, for a consideration of US$511.1 million. In conjunction with Alibabas investment, New Retail Strategic Opportunities Fund, L.P., a non-consolidated related party of Alibaba, has agreed to acquire a total of another 1.37% equity interest in Focus Media. The closings of the above transactions are subject to customary conditions.
This announcement contains forward-looking statements. These statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, expects, aim, anticipates, future, intends, plans, believes, may, estimates, potential, continue, ongoing, goal, targets, guidance, commits and similar statements. Among other things, statements that are not historical facts, including statements about Alibabas investment plans, the completion of the transaction and the strategic goals of the investment, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the possibility that the various closing conditions for the transaction may not be satisfied or waived or that the intended strategic goals may not be achieved. All information contained in this announcement is as of the date of this announcement and are based on assumptions that Alibaba believes to be reasonable as of this date. You should not rely upon these forward-looking statements as predictions of future events. Alibaba does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
July 18, 2018