Wednesday, April 7, 2010 as of 11:14 AM ET
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 ...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...
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...
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 ...
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 ...
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...
FBN’s Adam Shapiro breaks down Walt Disney’s first-quarter earnings results.
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...
FBN’s Sandra Smith breaks down Apple’s first-quarter earnings results.
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...
Evercore's Ken Sena on Yahoo's CEOJerry Yang stepping down, and what this means for the company and its' investors.
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...
Goldman Sachs reports $1 billion fourth quarter profit
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...
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...
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...
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...
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...
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...
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...
