Alibaba unit says to raise $1.6 bln in share sale for media acquisitions

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Alibaba unit says to raise $1.6 bln in share sale for media acquisitions

Alibaba unit says to raise .6 bln in share sale for media acquisitions
HONG KONG, June 4 (Reuters) - Alibaba Pictures Group Ltd , the film and entertainment unit of China's largest ecommerce company, said on Thursday it plans to raise .6 billion in a share offering to select investors to finance media-related acquisitions.

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