Yahoo is finally pulling out its stake from the Alibaba Group and has sealed a $7.6 billion deal with it which should bring it a profit of $4.3 billion.

What are you thinking?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...Loading...

Seven years ago, Yahoo chose to invest $1 billion in China’s Alibaba Group. Over the years, the company has since ran into trouble and has been considering a pull-out of its stake from Alibaba. Now, the two companies have finally sealed a deal which brings Yahoo a considerable fortune on its initial investment.


Ali Baba

Yahoo had nearly 40% stake in Alibaba, a number which has now been diminished to 20% since according to the present deal, Alibaba is paying off Yahoo for half of its stake, for now.

At the end of the day, Yahoo will be able to bag $4.3 billion out of this deal, which is a very handsome return on the initial $1 billion investment. There had been speculations that Yahoo’s new CEO, Marissa Mayer, may decide to invest this sum elsewhere or spend it on a few important acquisitions.

But Yahoo has refuted all such speculations by stating that it would be handing back $3.65 billion of this payback to the shareholders, which should be good news for Yahoo’s investors. It may be Yahoo’s attempt to regain a goodwill with its investors who seem quite unhappy with the company since the past recent months.

According to the CEO of Alibaba Group, “The completion of this transaction begins a new chapter in our relationship with Yahoo! We are grateful for Yahoo!’s support of our growth over the past seven years, and we are pleased to be able to deliver meaningful returns to our shareholders including Yahoo! I look forward to working with Marissa Mayer and her team in our continued partnership.”

Source: WSJ

Buy Cheapest Related Product From Amazon.com


High School Senior Turning His Honda S2000 Into 782HP Electric Beast

[Tutorial] How To Configure Face Unlock On Android 4.0
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On September 19, 2012(2 years, 3 months ago.)

Recent Products

Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

Recent Search

Recent Tutorials

Many users are already complaining and searching for the tips of how to capture the screenshot on LG G3. The tutorial will help to do that.
The tutorial will help how you can minimize the mobile data on your android device (Here we used LG G3 S for the tutorial)
The tutorial will help you to turn on battery Saver for LG G3 or G3 S both manually and automatically.
This tutorial is about how you can set up various auto reply messages on LG G3 S tp know the caller why you could not answer the call.
This tutorial is about disabling automatic shortcut creation of new installed app on android devices.
This tutorial is about showing you how to turn off location in Facebook of your Android devices.
My tutorial is for those who wants to delete those history partially or fully or to disable those if they want.
This tutorial will show you how to stop those videos in your Android mobile not to play automatically.
This tutorial will help you to Disable Auto-Update Of Android Apps in your Android Device. The steps are quite easy to execute.
This tutorial will help you to clear search history from your Google Play Store in your Android Device. The steps are quite easy to execute.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook