Alibaba repurchases shares from SoftBank at $74 per share

(Reuters) - Chinese ecommerce company Alibaba Group Holding Ltd said on Wednesday it has agreed to buy 27 million of its own shares from SoftBank Group Corp at $74 (£51.3) per share, or $2 billion (£1.3 billion).

from Reuters: Top News http://uk.reuters.com/article/uk-alibaba-stocks-softbank-group-idUKKCN0YN63X?feedType=RSS&feedName=topNews