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Latest Jack Ma Stories

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...

Is Yahoo’s Ship Sinking One Last Time?
2012-01-18 09:37:59

Since Yahoo co-founder Jerry Yang announced his departure, the lifeboats appear to be lowering in what could become a mass exodus from the struggling search portal.  Yang also has left the boards of Yahoo Japan and Alibaba Group, a statement from Yahoo noted. At least four other directors are expected to follow Yang from the company soon including Chairman Roy Bostock, Arthur Kern, Vyomesh Joshi, and Gary Wilson, reports Kara Swisher for All Things D. Yang co-founded Yahoo with...

PayPal Guru Thompson To Take Over As New Yahoo CEO
2012-01-04 14:35:14

Veteran web giant Yahoo announced today that PayPal President Scott Thompson will be taking over as the company´s chief executive. In light of Yahoo´s struggle in recent years to remain a key player in the Internet world, many shareholders and company insiders are hoping that Mr. Thompson will do for their company what he did for eBay Inc´s payment branch. Mr. Thompson will be joining the Yahoo team some five months after its last controversial CEO Carol Bartz was let go,...

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...

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2011-11-24 11:43:22

Microsoft Corp has signed a confidentiality agreement with Yahoo Inc, allowing the software titan to secure possible negotiating power if Yahoo decides to sell part or all of its business, the Associated Press reported Wednesday, citing an anonymous source that was familiar with the matter. Microsoft is joining several private equity firms that are also scouring over Yahoo´s books and operations, exploring various options for making a deal with the struggling Internet search company....


Word of the Day
drawcansir
  • A blustering, bullying fellow; a pot-valiant braggart; a bully.
This word is named for Draw-Can-Sir, a character in George Villiers' 17th century play The Rehearsal.
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