MENLO PARK, Calif., May 15, 2015 /PRNewswire/ -- In response to inaccurate news reports today that Silver Lake has sold approximately half of its shares in Alibaba (NYSE: BABA), Silver Lake confirms that its fund continues to own over 85% of its original stake in the company and has not distributed any Alibaba shares from the fund to its limited partners.
About Silver Lake
Silver Lake is the global leader in technology investing, with over $26 billion in combined assets under management and committed capital. The firm's portfolio of investments collectively generates more than $85 billion of revenue annually and employs more than 200,000 people globally. Silver Lake has a team of approximately 110 investment and value creation professionals located in New York, Menlo Park, San Mateo, London, Hong Kong, Shanghai and Tokyo. The firm's portfolio includes or has included leading technology and technology-enabled businesses such as Alibaba, Ameritrade, Avago, BlackLine Systems, Dell, Gartner, Global Blue, Go Daddy, IDC, Instinet, MCI, MEDSEEK, Mercury Payment Systems, Multiplan, the NASDAQ OMX Group, Quorum, Sabre, SolarCity, Skype, SMART Modular, SunGard Data Systems, Virtu and William Morris Endeavor. For more information about Silver Lake and its entire portfolio, please visit www.silverlake.com.
SOURCE Silver Lake