Jack Ma’s Alibaba Pictures has taken an 8.94% stake,or approximately 8.29% on a fully-diluted basis, in China’s Bona Film as share of the latter’s privatization. The stake is worth approximately $86 million. The dart comes as Bona delists itself from the NASDAQ. A statement from Alibaba revealed the two companies plan to work closely together in developing their collaboration.
"Participation in the privatization of Bona helps boost the development of the Chinese film and…
Source: deadline.com