Summary Box: China’s Alibaba in privatization bid

NEW DEAL:’s parent company wants to take the Chinese e-commerce company private for $2.5 billion as part of a shift in business strategy that also includes plans to buy back a stake from Yahoo Inc.

ABOUT THE OFFER: Alibaba Group Holding Ltd. is offering to buy the Hong Kong-listed shares of that it doesn’t already own.

YAHOO’S ROLE: Yahoo owns about 40 percent of Alibaba Group, which in turn owns about 73 percent of Alibaba Group has been negotiating with Yahoo to buy back its stake but those talks have stalled over the terms.