Article: Alibaba Group and Alibaba.com Enter Into Agreement to Inject Business Management Software Division of Alisoft Into Alibaba.com.(Company overview)

Alibaba Group and its majority-owned subsidiary Alibaba.com (HKSE: 1688.HK) have entered into an agreement to inject the Business Management Software (BMS) division of Alisoft Holding Limited ("Alisoft") into Alibaba.com. Alisoft is a wholly-owned subsidiary of Alibaba Group. The assets being injected into Alibaba.com include major application software product lines for small business and related assets of Alisoft, as well as all customer contracts and employees that are associated with the BMS division. Following approval by the board including all the independent non-executive directors, Alibaba.com has agreed to pay a total consideration of RMB208 million (US$30.5 ...

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