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Jack Ma's health-care buyout is hard to stomach

Robyn Mak
Jack Ma, CEO of Alibaba
VCG | Getty Images

Jack Ma's healthcare buyout is a bitter pill for shareholders to swallow. The Alibaba boss's buyout firm is bidding at least $1.4 billion for U.S-listed iKang Healthcare Group. That's cheaper than an unfriendly approach from a rival, now dropped, which iKang's chief executive countered with a poison pill.