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Alibaba Considering Stake In AppNexus

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Friday, May 24, 2014, according to TheInformation.com, Alibaba Group is reportedly considering making an investment in the U.S.-based advertising technology firm AppNexus.

A U.S. internet executive who was briefed by Alibaba on its U.S. strategy, reported that the company wants to take stakes in numerous non-Chinese Web companies, beyond the handful of investments and acquisitions it has already made.

The executive stated that this move could allow Alibaba to be able to evaluate new technologies that are emerging and acquire firms that are taking off.

Alibaba has said it plans to raise $1 billion, but it is speculated that the Chinese e-commerce firm could raise more than $20 billion in the deal, making it the largest tech. IPO in history. Facebook (NASDAQ: FB) raised $16 billion on its IPO date and currently holds the record for largest tech. IPO.

Click HERE to be directed to theinternet.com article.

 

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Posted-In: Alibaba AppNexus Facebook IPONews IPOs

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