Alibaba secures $3B loan to finance more investments and acquisitions


alibabaLooks like Alibaba is in the mood for more acquisitions. The company’s recent investment spree — which includes the ongoing $3.5 billion purchase of Youku Tudou and stakes in Groupon, PayTM, Snapdeal and Snapchat — is about to get fresh ammunition after it confirmed that it has closed a $3 billion loan.

Confirmation of the deal isn’t unexpected, the Wall Street Journal reported talks with banks in February but the total announced today is shy of the $4 billion that the Journal speculated.

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