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Wednesday, April 7, 2010 as of 11:14 AM ET

Jerry Yang

Jerry Yang

Jerry Yang is the name of:

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Alibaba Buys Back 20% Stake Held by Yahoo

Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.

1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing.Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. The deal, announced in a joint statement on Monday, caps years of often acrimonious talks over how Alibaba could reclaim some or all of the 40 percent stake that Yahoo bought for about $1 billion in 2005.While Alibaba founder Ma had a strong personal rapport with Jerry Yang, Yahoo's co-founder who led the initial investment in Alibaba, ties between the two firms soured when Yang was ousted and replaced as CEO by Carol Bartz.Relations were also complicated by a spat over the Chinese group's payment unit Alipay, and Yahoo's attempt to appoint more directors at Alibaba. Negotiations over a complex deal for Ma, who owns close ...

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  1. Yahoo's 1Q EPS Handily Tops Views, Shares Edge Higher

    Yahoo (NASDAQ:YHOO) revealed late Tuesday a surprising 28% increase in first-quarter profit that trumped Wall Street expectations, as ad sales improved in its search...

  2. Yahoo Chops 2,000 Jobs

    Yahoo (NASDAQ:YHOO) on Wednesday confirmed plans to cut 2,000 jobs, or 14% of its workforce, in an effort to lower costs as part of an ongoing restructuring.The move...

  3. Yahoo Shareholder Urges Peers to Vote for Fresh Directors

    Yahoo (NASDAQ:YHOO) activist shareholder Third Point pushed for the nomination of four board members by filing on Wednesday a proxy statement ahead of the company’s ...

  4. Yahoo May Face Rough Proxy Battle Amid Third Point Pressure

    Yahoo (NASDAQ:YHOO) may have to gear up for a nasty battle if it fails to comply with one active shareholder’s request to change leadership on the troubled Internet ...

  5. Yahoo, Alibaba Tax-Free Deal Talks Crumble

    Yahoo (NASDAQ:YHOO) and its Asian partners have reportedly shelved talks over a tax-free spinoff of Alibaba and Yahoo Japan that would have saved the struggling Inte...

  6. Disney 1Q Earnings Beat Estimates, Revenue Misses

    FBN’s Adam Shapiro breaks down Walt Disney’s first-quarter earnings results.

  7. Yahoo Chair, 3 Directors to Step Down as Overhaul Continues

    As part of an aggressive overhaul that has already ousted co-founder Jerry Yang from the board and replaced Carol Bartz with Scott Thomson as CEO, Yahoo (NASDAQ:YHOO...

  8. Apple Posts Record-Breaking 1Q Results

    FBN’s Sandra Smith breaks down Apple’s first-quarter earnings results.

  9. New Yahoo CEO Says Company Needs to 'Do Better'

    Yahoo Inc Chief Executive Scott Thompson said reviving the company's flagging display advertising business was his "highest priority," even as he crafts a broader pl...

  10. What's Ahead for Yahoo Without Yang?

    Evercore's Ken Sena on Yahoo's CEOJerry Yang stepping down, and what this means for the company and its' investors.

  11. Jerry Yang May Bid for Yahoo After Quitting Board

    Yahoo, Inc. (NASDAQ:YHOO) has announced the resignation of Jerry Yang from its board of directors and all other positions he held at Yahoo. Additionally, Yang also r...

  12. Midday Market Report: 1/18

    Goldman Sachs reports $1 billion fourth quarter profit

  1. Get Me a Sheryl! Facebook COO Model to be Mirrored

    While Mark Zuckerberg understandably gets most of the credit for Facebook's (NASDAQ:FB) storybook success, Sheryl Sandberg deserves a huge assist for helping the soc...

  2. Yahoo's CEO Reboots Over the Years

    From resume fluffing to corporate trash-talking, Yahoo's (NASDAQ:YHOO) certainly had its share of interesting characters steering the tech ship.  Here's a look at th...

  3. Yahoo CEO out, investor Loeb gets board seats

    Yahoo Inc is replacing its CEO for the third time in as many years, and giving three board seats to a hedge fund led by Daniel Loeb, putting him in a strong position...

  4. Yahoo Director Hart Won't Seek Re-Election: Report

    Yahoo Inc director Patti Hart will not seek re-election to Yahoo's board, according to a source familiar with the matter, as the Internet company's board moved forwa...

  5. Third Point Demands Yahoo CEO Hiring Documents

    Activist hedge fund Third Point, which has called for the ouster of Yahoo Inc Chief Executive Scott Thompson for padding his resume, formally demanded in a letter th...

  6. Taiwan Banks To Fully Adopt Basel III Rules From 2019

    Taiwan banks will be required to fully adopt the stricter capital requirements under new Basel III rules starting 2019, and any fundraising to satisfy the widely exp...

  7. Zuckerberg's Crash Course in Corporate Governance

    He may be steering a soon-to-be-public company that employs more than 3,000 people and is valued at $100 billion, but Mark Zuckerberg isn't your father's CEO.Through...

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