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Home > Alibaba in new talks with health arm as $2.5 billion deal ends

Alibaba in new talks with health arm as $2.5 billion deal ends

Alibaba Group Holding Ltd. is discussing injecting a health foods and supplements business into its publicly traded health arm after the two companies dropped plans to exchange an online pharmacy operation in a $2.5 billion deal. Ali Health has dropped a $2.5 billion deal announced last year to acquire from another Alibaba unit, a sales platform for online pharmacies, citing “ongoing regulatory uncertainties.”

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Source URL (modified on 04/01/2017 - 16:47): http://www.fakeshare.eu/en/news/alibaba-new-talks-health-arm-25-billion-deal-ends

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[1] http://www.bloomberg.com/news/articles/2016-04-01/ali-health-in-talks-with-parent-over-injection-of-new-business