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Alibaba in talks for USD 3-4 bln loan - report

2016-02-26 15:29:00| Telecompaper Headlines

(Telecompaper) Alibaba is in talks to borrow up to USD 4 billion to fund expansion plans, including acquisitions, the Wall Street Journal reported, citing people familiar with the matter. The discussions, involving several banks, started with plans for a USD 3 billion loan, but the amount could be increased to USD 4 billion, the people said. One source expects the loan to be finalized next month.

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