Shareholders of Alibaba.com have agreed to the company's plan to buy back shares in a bid to take the firm private.
Alibaba Group said it will pay about $2.5bn (£1.5bn) to complete the buyback, which is expected to be finalised next month.
The firm is offering investors HK$13.50 per share, the same price as the its initial public offering in 2007.
Alibaba.com is one of China's biggest e-commerce websites.
Source & Image : BBC
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