Alibaba Group Holding Ltd. (NYSE: BABA) joined a group that is exploring a possible acquisition of Momo Inc. (Nasdaq: MOMO). Shares of Momo leaped $4.05 to close at $16.09 while Alibaba stock climbed $1.36 to close at $78.68.
Alibaba joins group to buy Momo
April 06, 2016 at 17:20 PM EDT
