Browsing Tag

Alibaba

Yahoo Closes $7.6 Billion Deal With Alibaba

Seven years ago, Yahoo chose to invest $1 billion in China's Ali Baba 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.
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Yahoo Sells 50% Of Its Alibaba Stock For $7.1 Billion

Yahoo has a huge stake in Alibaba but the company has been trying to shed the stake and pull out of the partnership. After a lot of negotiations and discussions, Yahoo is now finally selling 50% of its shares in Alibaba for a huge $7.1 billion. The sell-out will be a taxable transaction for which Yahoo will be getting $6.3 billion in cash and…
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Yahoo Planning To Sell It’s Alibaba Shares?

Yahoo has been running in troubled waters due to some slight financial crunch as well as managerial changes. We've been hearing a round of rumors about Yahoo trying to finalize a few deals to liquidate some assets and acquire some cash as a result. However, nearly none of those deals actually happened. A fresh rumor is saying that Yahoo is now…
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Alibaba Group Wants To Buy Back Yahoo

Alibaba Group held talks with Singapore's Temasek Holdings about providing financing so that it can buy out Yahoo and Temasek might help finance an offer in return for a bigger share in privately owned Alibaba. Temasek is uninterested in owning Yahoo and Yahoo's 40 per cent stake in Alibaba may be worth about US$13 billion (S$17 billion).The…
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Alibaba Cloud Computing Brings Mobile OS For K-Touch W700 Phone

Alibaba Cloud Computing, a developer of advanced data-centric cloud computing services and a subsidiary of Alibaba Group, has announced its internally developed cloud-based mobile device operating system. This OS is expected to release in September. The new OS ships on a rebranded Tian Hua K-Touch, the W700, for ¥2,680 or $416. Accorting to engaget…
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