Continue reading Alibaba reportedly in final stages of talks to buy a stake in Chinese video streaming service PPTV at The Next Web
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Tuesday, July 30, 2013
Alibaba reportedly in final stages of talks to buy a stake in Chinese video streaming service PPTV
The Next Web writes, Chinese e-commerce giant Alibaba is in the final stages of discussions to acquire a stake in Chinese video streaming service PPTV, and an announcement could be made soon, Sina Tech reports. The report cites sources as saying that the deal between Alibaba and PPTV has basically been inked down, but it is still unclear whether the final deal will be an acquisition or a stake purchase. Other interested parties in PPTV are said to include Chinese online media company Sohu and electrical appliance retailer Suning, but price considerations have been hindering further discussions. Despite Alibaba?s?
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