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Latest Alibaba.com Stories

Yahoo Shares in Alibaba Bought Back Before IPO
2012-09-19 12:44:57

redOrbitStaff & Wire Reports Alibaba Group announced on Tuesday that it has bought back $7.6 billion dollars worth of stock from Yahoo Inc., moving the Chinese e-commerce giant one step closer to an initial public offering. The company said it has completed an initial repurchase of shares from Yahoo, consisting of a $6.3 billion cash payment and $800 million in preferred shares, and has "restructured its relationship with the Silicon Valley company.” Alibaba...

Yahoo Finds Over $7 Billion By Selling Stake In Alibaba
2012-05-21 08:06:57

US Internet pioneer Yahoo, which has been struggling with cash flow and market relevance, has agreed to sell its stake in China´s top e-commerce player, Alibaba, for at least $7.1 billion, the two companies announced this weekend. Negotiations have been a year in the making to get to this point and the transaction will come about in several stages, AFP reports. Yahoo´s interim CEO Ross Levinsohn said in a statement that the agreement will provide “clarity” for Yahoo...

Yahoo, Alibaba Negotiating Swap Of Assets
2012-02-11 04:49:57

Yahoo and its longtime Chinese partner Alibaba are in the midst of complex negotiations to restructure the California-based web portal and search engine company's Asian holdings, various media outlets reported on Friday. According to Prudence Ho of the Wall Street Journal, Alibaba Group Holding Ltd. is attempting to borrow $3 billion in order to re-purchase shares currently held by Yahoo, Inc. She reports that six banks (Australia and New Zealand Banking Group Ltd., Credit Suisse Group...

Alibaba Making Bid To Buy Yahoo
2011-12-29 12:12:57

Reports say Chinese e-commerce giant Alibaba Group may be trying to make a bid to buy all of Yahoo Inc. According to congressional fillings, the company enlisted the Duberstein Group lobbying firm last fall for the first time. The company's chief executive and chairman, Jack Ma, said last September that he was open to acquire Yahoo if it was possible. Preliminary talks back then were planning for Alibaba, which already holds 40 percent of Yahoo, to take Yahoo's Asian assets and...

Alibaba Seeks $4B Debt-Financing As Rumors Of Yahoo Buy-Out Resurface
2011-12-09 05:33:42

Global markets are abuzz as reports emerged Thursday that the Chinese e-commerce titan the Alibaba Group will try to finance as much as $4 billion of debt in an attempt to buy back Yahoo´s 40 percent stake in their company.  According to estimates, that stake will likely be between $9 and $13.5 billion. Alibaba CEO and former English teacher Jack Ma has frequently expressed his intention to buy out Yahoo´s shares in his company–an ambition that insiders say served as a...


Word of the Day
attercop
  • A spider.
  • Figuratively, a peevish, testy, ill-natured person.
'Attercop' comes from the Old English 'atorcoppe,' where 'atter' means 'poison, venom' and‎ 'cop' means 'spider.' 'Coppa' is a derivative of 'cop,' top, summit, round head, or 'copp,' cup, vessel, which refers to 'the supposed venomous properties of spiders,' says the OED. 'Copp' is still found in the word 'cobweb.'
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