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Alibaba.com See Shares Soar After Parent Company’s Offer

Alibaba.com, which helps small and medium-sized companies find buyers for their products, saw a rise in share price after its parent company offered to take it private. Alibaba Group, China’s largest e-commerce company, said it would pay HK$13.50 per share in cash, matching the price at which the subsidiary had gone public in 2007.

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