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Alibaba Buys Back 20% Stake From Yahoo for $7.1 Billion
Chinese e-commerce site Alibaba has bought half of Yahoo’s stake in the company — 20% 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. Yahoo had bought a 40% in Alibaba for about $1 billion in 2005. Back then Yahoo was still one of the most successful internet companies around, but somewhere around that time Yahoo’s revenue...
Published By: Mashable - Monday, 21 May, 2012
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Samsung buys 10 percent stake in Pantech for $48 million Cnet (Today) - The company says that it will have no involvement whatsoever in Pantech's business operations. [Read...
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Samsung Spends Some of Its Cash on a 10-Percent Stake in Pantech Mashable (Today) - Samsung has bought a 10-percent stake in Pantech, a South Korean mobile phone maker known...
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Samsung buys 10 percent stake in rival phone maker Pantech Engadget (Today) - Hang around these pages long enough and you're bound to come across Pantech, the...
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Qihoo 360 Partners With Alibaba To Grab Market Share Away From Chinese Search Giant Baidu Tech Crunch (Today) - China’s e-commerce giant Alibaba and Qihoo 360 have teamed up to launch 360.etao.com, an online...
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How Marissa Mayer Will Use Tumblr - Vote!
Watch: Yahoo, Tumblr CEOs on $1.1 Billion Deal, Incorporating Ads ABC News (Yesterday) - Marissa Mayer and David Karp discuss the purchase of the popular blogging site. ...
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Now it's in New York: Yahoo announces digs in Tumblr's hometown Tech Radar (2 days ago) - This is Yahoo's New York minute. OK, that may not be the right use of...
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Can Yahoo Ignore Tumblr's Dark Side? - Vote!
Tumblr CEO to Users: 'Don't Worry' - Vote! Now it's in New York: Yahoo announces NYC digs in Tumblr's hometown
