--FILE -- la gente visita lo stand della AutoNavi, la mappa cinese e il fornitore di servizi di dati durante il PT/EXPO COMM China 2013 a Pechino, in Cina, 25 Settemb
--FILE--People visit the stand of AutoNavi, the Chinese map and data service provider, during the PT/EXPO COMM China 2013 in Beijing, China, 25 September 2013. Ecommerce titan Alibaba took a 28 percent stake in Autonavi nearly a year ago. And then in February this year the firm proposed a full buy-out of Autonavi for a premium of US$21 per share. On April 12, Autonavi confirmed it has accepted the deal for that acquisition price, pending the approval of shareholders. Autonavi closed trading yesterday at $20 per share. For shareholders it is a large premium over the $16.54 value per share when it was first proposed in February. The deal values Autonavi at $1.5 billion and will take the firm ¨C owners of Chinas top mobile maps app ¨C private. It is not yet clear how this will be incorporated into Alibabas upcoming US IPO. The deal will be closed later this year.
