Monday, May 21, 2012

Alibaba Buys Back 20 Percent Stake From Yahoo for $7.1 Billion

It'll be interesting to see what remains of Yahoo's market capitalization, after this is factored into its valuation equation
"Chinese e-commerce site Alibaba has bought half of Yahoo’s stake in the company — 20 percent of Alibaba’s shares — back from Yahoo for $7.1 billion.
Under the terms of the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock.
[...]
On the other hand, the cash injection is good news for Yahoo which plans to “return substantially all of the after-tax cash proceeds to shareholders.”"
Alibaba Buys Back 20 Percent Stake From Yahoo for $7.1 Billion
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