Alibaba Stock Up Today After $4.6 Billion Purchase of Suning (NYSE: BABA)
August 10, 2015 at 12:54 PM EDT
Alibaba stock is up 2% this morning (Monday) after the company announced it will be spend $4.63 billion on the electronics chain Suning Commerce Group Inc. Alibaba Group Holding Ltd. (NYSE: BABA) officials said the $4.63 billion price tag will buy the company a 20% stake in Suning. In return, Suning will receive a 1.1% stake in Alibaba. Here's what the deal means for investors... Tags: Alibaba Stock , Alibaba stock price , Alibaba stock price today , Alibaba Suning , baba , BABA stock , Baba stock price , BABA stock price today , NYSE: BABA , Suning Alibaba To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Alibaba Stock Up Today After $4.6 Billion Purchase of Suning (NYSE: BABA) appeared first on Money Morning - We Make Investing Profitable .