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English word

transaction

UK /trænˈzækʃn/US /trænˈzækʃn/

noun

a piece of business that is done between people, especially an act of buying or selling

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Sentence 81 · Pro

Joe Tsai Co-founder & Chair of Alibaba | In Good Company | Norges Bank Investment Management

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Not just into the company, but they also bought out a number of VCs in a secondary transaction—$1.25 billion—that valued the company at over $4 billion.

Joe Tsai Co-founder & Chair of Alibaba

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