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Latest Yahoo Buy-Out Resurface Global Stories

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
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'