Monday, May 21, 2012

Yahoo Alibaba Deal

  • SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing.
  • (YAHOO!)
  • Alibaba also will be required to either buy back a quarter of Yahoo's current stake at the price of a future IPO or let Yahoo sell the shares in the IPO. The deal values Alibaba at about $35 billion.
  • (Bloomberg)
  • SINGAPORE/HONG KONG May 21 (Reuters) - Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings, to raise about $2.
  • (Reuters UK)
  • 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)
  • The deal, announced Sunday in the U.S., will see Alibaba Group buying back the stake from Yahoo Inc. for $6.3 billion cash and up to $800 million of Alibaba preference shares.
  • (msnbc.com)
  • HONG KONG (MarketWatch) — Alibaba Group Holding Ltd. has agreed to buy back about half of Yahoo Inc.'s 40% stake in the company in a deal worth at least $7.1 billion, with provisions for Yahoo to possibly sell the rest, the companies said Sunday.
  • (Marketwatch)
  • 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)
  • HONG KONG – Struggling Internet company Yahoo has agreed to sell half of its 40 percent stake in Chinese e-commerce group Alibaba for about $7.1 billion. The deal, announced Sunday in the U.S.
  • (USA Today)
  • ​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)
  • HONG KONG — Yahoo Inc. has agreed to sell half of its 40 percent stake in Chinese e-commerce group Alibaba for about $7.1 billion, securing a financial lifeline for the struggling U.S. Internet company.
  • (Toledo Blade)

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