Chinese e-commerce group Alibaba revealed that the company has provided a non-binding proposal letter to AutoNavi, aiming to make it a wholly-owned subsidiary of Alibaba for USD1.1 billion. Alibaba offers to acquire all of AutoNavi's American depositary shares and ordinary shares not already beneficially owned by Alibaba for USD21 in cash per American depositary share, […]

Visit the original source and full text: