HONG KONG (Reuters) - Chinese Internet company Alibaba Group plans to take its Hong Kong-listed unit, Alibaba.com <1688.HK>, private, two sources familiar with the matter told Reuters.
Under the yet-to-be-finalised deal, Alibaba would use borrowed money and internal cash as well as an asset swap to buy back most of a 40 percent stake that Yahoo! owns in the Alibaba group, the sources said.
Alibaba.com shares were halted from trading on Thursday pending an announcement regarding its parent.
(Reporting by Prakash Chakravarti; Additional reporting by Stephen Aldred, Kazunori Takada and Saeed Azhar; Writing by Denny Thomas; Editing by Mark Bendeich)
