Sunday, May 20, 2012

Yahoo Alibaba Deal

  • Alibaba and Yahoo have reached a deal that paves the way for the US internet group to fully exit its stake in the Chinese ecommerce company, bringing an end to long-running and often bitter negotiations between the two sides.
  • (Financial Times)
  • Yahoo's directors unanimously approved a deal on Sunday to sell about half of its 40 percent stake in the Alibaba Group back to the Chinese Internet company, concluding years of efforts by the two to reach an agreement.
  • (New York Times)
  • (Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Mas Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders.
  • (Reuters)
  • Yahoo late Sunday announced that it has – finally! – reached a deal to unwind its roughly 40% stake in Alibaba Group.
  • (Forbes)
  • Alibaba has been trying to buy back the stake in itself for more than a year and stepped up efforts in September as its prospects rise for growth and expansion beyond China.
  • (Bloomberg)
  • And self-made Chinese billionaires are in the thick of the action. First up, Yahoo has finally sealed a deal to sell back its stake in Alibaba Group, with a floor price of $7.1 billion for 20% of the Chinese e-commerce company.
  • (Forbes)
  • A source familiar with the deal said Yahoo has built in incentives for Alibaba Group, which operates the popular Chinese online marketplace Taobao, to hold an initial public offering by end-2015. It listed its Alibaba.
  • (CNBC)
  • HONG KONG (AP) — Yahoo has agreed to sell half of its 40 percent stake in Chinese e-commerce company Alibaba for about $7.1 billion. The deal will see Alibaba Group buying back the stake from Yahoo Inc. for $6.
  • (Huffington Post)
  • NEW YORK—Yahoo Inc. may finally be nearing a deal to sell a part of its prized stake in the major Chinese e-commerce provider Alibaba. Bloomberg Businessweek is citing unnamed sources in reporting that the struggling U.S.
  • (San Jose Mercury News)
  • ​NEW YORK | SAN FRANCISCO: Alibaba Group Holding Ltd. is near an agreement to buy back a 20% stake in itself from Yahoo! Inc. for about $7 billion and may announce a deal as soon as Monday morning, said a person with knowledge of the matter.
  • (Economic Times)

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