Alibaba.com shares jump 5% on Silver Lake, DST investment

Reuters News
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Posted: Sep 22, 2011 9:43 PM
Alibaba.com shares jump 5% on Silver Lake, DST investment

HONG KONG (Reuters) - Shares in Alibaba.com Ltd rose 5 percent on Friday after private equity firms Silver Lake, Russian technology investment company DST Global and Temasek Holdings agreed to buy a stake in parent Alibaba Group.

Alibaba Group operates China's largest B2B online marketplace, Alibaba.com, and the country's largest online consumer shopping site, Taobao.com.

Alibaba.com stock was up 5.4 percent at $7.17 by 0131 GMT (9 p.m. British time).

(Reporting by Denny Thomas; Editing by Chris Lewis)