According to a May 10th, 2015 Wall Street Journal
article, “Amid the recent selloff, a unit of Alibaba bought around 4.8
million Zulily shares at prices ranging from $10.63 to $12.70
apiece. It now owns 11.5 million Class A shares, giving it a 9.3% stake based on
the share count in Zulily’s latest quarterly filing.” http://www.wsj.com/articles/alibaba-buys-stake-in-u-s-e-commerce-site-zulily-1431169781
Announced August 17, 2015, QVC is paying $2.4 billion
to buy internet retailer Zulily Inc.
QVC’s parent, Liberty Interactive Corp. , said Monday that
it would pay the equivalent of $18.75 a Zulily share, representing a 49%
premium to Friday’s closing price of $12.57 a share.
Did Alibaba have good timing, good luck, or just the right
amount of inside knowledge? They certainly appear to have timed their stock
purchase well.
Learn more about
Alibaba here on Apparel Search.