Gaud, Ali-Gaud, Alibaba-IT news Gold, ARI

The evening of July 16 message, gold software, announced Wednesday, in the special shareholders ' meeting held today, shareholders voted to approve the privatization of companies announced on April 11 agreement.

Autonavi software, accounting for shares of common stock and 98.9% shares of the company's shareholders today voted in favour of the privatisation agreement.

Autonavi software today announced on February 10, the Board received a non-binding buyout offer from the Alibaba group, intends to share United States depository shares (ADS) price of 21 dollars to acquire its shares not already held high software. In May last year, Alibaba group injected $ 294 million dollars into gold software, high 28% stake in de software, and become its largest shareholder.

On April 11, gold software, announced the official with Alibaba group to reach a final deal. Under the agreement, at the time of completion of the acquisition, the company's shareholders will receive shares of common stock to 5.25 dollars per share, or United States depository shares (ADS) purchase price of 21 dollars. The offer was February 7, 2014 (that is, high German software Alibaba announced the last trading day before the privatization proposal) autonavi software compared to the closing price premium of $ 16.54 to 27%.

Both sides expected the deal will be completed within this month.