Yahoo Completes $7.6B Stock Sale To Alibaba Group

By | Tuesday September 18, 2012 @ 9:01am PDT

The deal that the companies struck in May cuts in half Yahoo‘s 40% stake in the Chinese e-commerce giant. But it leaves a big question unanswered: What will Yahoo do with the cash? The company initially said it would return “substantially all” of the proceeds to shareholders. Last month, CEO Marissa Mayer — who took the top job in July — said that she’s rethinking “our restructuring plan, our share repurchase program” and the Alibaba repayment promise as she weighs options to revive the struggling Internet content giant. Yahoo shares are down 2.3% so far in 2012. Here’s today’s announcement about the sale:

Read More »

Comments (0)

Yahoo To Sell Back $7.1B Stake To Alibaba

By | Sunday May 20, 2012 @ 8:33pm PDT

Alibaba has reached agreement with Yahoo to buy back about half the U.S. portal’s stake in China’s largest e-commerce provider, Bloomberg reported this evening. Alibaba will repurchase about a 20% stake percent stake in itself for an estimated $7.1 billion ahead of a potential initial public offering. Yahoo … Read More »

Comments (2)

Reports: Yahoo Reconsiders Proposal To Sell Valuable Assets In China, Japan

By | Wednesday December 21, 2011 @ 6:01pm PST

Yahoo is reconsidering a proposal to dramatically reduce its 40% stake in the Chinese Internet company Alibaba Holdings and to sell its 35% stake in Yahoo Japan, according to multiple reports that value the overall transaction at between $17 billion … Read More »

Comments (2)

Yahoo Fields Bids For 20% Stake In Company From Potential Partners

Yahoo has fielded offers this week from at least three bidders seeking a stake of about 20% of the company, the Wall Street Journal and Bloomberg reported, and the company’s directors will likely discuss those offers at … Read More »

Comments (1)

Global Showbiz Briefs: China, UK

By | Wednesday November 9, 2011 @ 11:58pm PST

Advertising Up 12.5% For China’s Biggest Broadcaster
Foreign and Chinese advertisers will pay about $2.25 billion next year for time on China’s biggest television network CCTV. That’s up roughly 12.5% over 2011. That may seem high compared to the rest of the world which is generally chalking up low Read More »

Comments (0)

Global Showbiz Briefs: China, UK

By | Saturday October 1, 2011 @ 4:00am PDT

Alibaba Group’s Chief Exec Wants To Buy Yahoo
Jack Ma, chairman and CEO of China’s e-commerce company Alibaba Group, said he is “very, very interested” in acquiring Yahoo and discussed options with other potential buyers, according to Reuters. Buying the … Read More »

Comments (0)