Want to Shop With Your Friends Online? Try This Site The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark. If you would like to have your startup considered for inclusion, please see the details here. Yahoo clears a hurdle, sells Alibaba stake for $7.1 billion
SHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract value from its most prized asset. Yahoo also increased its stock buyback authorization by $5 billion to $5.5 billion as a result of the deal but said it might instead opt to distribute some of the proceeds through a dividend. The sale, announced on Monday, gives Yahoo $6.3 billion in cash and up to $800 million of new Alibaba preferred stock. After taxes, Yahoo will clear $4.2 billion. ...
20 TV Shows With the Most Social Media Buzz This Week The most universal sport in the world dominated social networks Saturday. Soccer (or "football," depending on your preference) teams Chelsea and Bayern Munich battled in Munich's Allianz Arena for the UEFA Championships League trophy. Unleash your hidden DJ potential with the Turntable.fm Android app Have you always dreamed of being a DJ? Well, even if you thought becoming a spin master just was not in the cards for you, you might just change your mind when you witness the free Turntable.fm app for Android. It’s a social music app made for getting the party started on your mobile device. You can unleash your inner DJ to entertain your online fan club. Watch: TechBytes: Facebook, Pinterest Facebook is set to launch its initial public offering.
  Android App Offers a Sleep Report Card The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark. If you would like to have your startup considered for inclusion, please see the details here.
|