Yahoo's $7.1B deal with Alibaba offers ray of hope
After years of mortifying missteps, Yahoo Inc. finally has something to boast about: a multibillion-dollar windfall from a savvy investment in China.
Advertisement:
 What World War II Can Teach Us About Climate Change Downplaying or ignoring a coming catastrophe won't make it go away.
  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. ...
Slide Is an iPhone Game You Already Know How to Play There are tons of iPhone games out there with complicated rules, levels, and moves to learn. One game, called Slide, is making learning how to play much easier by having you do something you already know how to do: unlock your phone. 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.
|