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Bottom line:Alibaba Group is finally regaining some much needed focus by targeting a buyback of the 40 percent of the company owned by Yahoo, and by sharpening operations at its Taobao Mall.
BABA Yahoo! Finance BABA Google finance BABA Google Financewas first launched by Google on March 21, 2006. The service featured business and enterprise headlines for many corporations including Alibaba Group and their financial decisions and major news events. BABA stock information was available, as...
Alibaba's IPO is anticipated to produce Yahoo's second multibillion dollar windfall in two years. The money could be used to pay stockholders a one-time dividend, buy back more stock or finance an acquisition of another Internet service that could help Yahoo bring in more revenue after years ...
buying back stock. That leaves open the possibility that Yahoo might use the rest of the money from the Alibaba IPO to help finance an acquisition of another Internet company such as AOL Inc. or a hot startup such as social media company Pinterest in its latest attempt to revive its busine...
Yahoo fired Chief Executive Officer Carol Bartz last month and started a review of its strategy and last year, Bartz turned down efforts by Alibaba to buy shares held by Yahoo. Temasek, Silver Lake and DST offered to buy as much as $1.6 billion of Alibaba stock from the Chinese company’...
For more on Yahoo, watch this Fortune video: (The story has been updated to reflect that Yahoo’s stock price has jumped by 7% following the news.) Latest in Tech 1 day ago Tech - A.I. Sam Altman says OpenAI is ‘on the wrong side of history’ and needs a new open-source str...
Citic Capital is one of the investment arms of the state-owned conglomerate Citic, which owns stock brokerages, banks, mines, steel mills and oil fields. Another unit of the company, Citic Private Equity Funds Management, was led until mid-2012 by Liu Lefei, whose father, Liu Yunshan, Chin...
NO. Am I worried about the stock price? Yes and no. We operate in China and very few overseas investors understand us. In 2003, we launched Taobao. We knew we would achieve success back then, but little did us know that we would achieve it so quickly. It only took eBay around 3 ye...
Alibaba is an Internet company and thus cannot have foreigners as stockholders. This raises an important question as to how Alibaba could have managed to float an IPO on an American stock exchange. The answer to this is VIE or variable interest entity. ...