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Alibaba Group Holding Ltd., China’s largest e-commerce provider, agreed to repurchase a 20 percent stake from U.S. Web portal Yahoo! Inc. for a minimum of US$7.1 billion ahead of a potential initial public offering.
David Lamb, an M&A partner based in Conyers Dill & Pearman’s Hong Kong office, led a team providing Cayman law advice to Yahoo!, working alongside U.S. counsel Skadden, Arps, Slate, Meagher & Flom.