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elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Mon Oct 03, 2011 12:33 pm Post subject: Alibaba Casts Eye on Yahoo |
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Jack Ma, chief executive of Chinese Internet company Alibaba Group Holding Ltd., said he is "interested" in buying Yahoo Inc. and was approached by private-equity firms and others about a potential deal.
After Mr. Ma's comments, made Friday to an audience at a "China 2.0" event at Stanford University, it wasn't clear over the weekend whether Alibaba had taken formal steps toward a purchase of Yahoo.
Mr. Ma's spokesman declined to elaborate on Mr Ma's remarks, saying "they speak for themselves."
A Yahoo spokeswoman also declined to comment.
A bid, if one materializes, would mark Alibaba's most ambitious effort yet ...
Read more: http://online.wsj.com/article/SB10001424052970204226204576603760410780544.html#ixzz1ZjWgBYjt |
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elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Fri Dec 23, 2011 12:26 pm Post subject: Re: Alibaba Casts Eye on Yahoo |
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Update:
"Yahoo Starts Unburdening Itself"
Yahoo may be stripping down to the basics, if rumors are true that it's chucking most of its Asian holdings. The market appears to be warming up to the expectation that an announcement is imminent. "The infusion of cash could fund an acquisition, a turnaround plan, or just give them breathing room to restructure better for a sale," said tech analyst Rob Enderle. "Yahoo is a strong brand, and with the cash, a good reserve."
Looks like Yahoo (Nasdaq: YHOO) is going to let go of most of its Asian assets -- a large part of its stake in the Alibaba Group of China and its Yahoo Japan affiliate -- and load up on cash. The move may allow the company to retain control of its core assets and perhaps even buy itself a new look.
Yahoo's board is considering a plan to sell these assets back to their majority owners in a complex transaction that values the prospective deal at about US$17 billion, according to The New York Times and The Wall Street Journal.
The board reportedly will meet on Thursday; if the directors approve the sale, they may also reject two offers from private equity investment groups led by Silver Lake and TPG Capital. Either one of those offers would require Yahoo's current management to give up control of the company.
The proposal to sell off the Asian assets values Yahoo's 40 percent state in Alibaba at about $12 billion and its 35 percent state in Yahoo Japan at about $5 billion. Yahoo's stock price rose from $14.5 per share to $16.5 on the news that a decision was imminent.
Yahoo did not respond to our request to comment for this story.
http://www.ecommercetimes.com/story/Yahoo-Starts-Unburdening-Itself-74037.html |
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dticorp
Joined: 19 Aug 2006
Posts: 1760
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| Posted: Wed Dec 28, 2011 3:40 pm Post subject: Of course Yahoo can be fixed |
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Of course Yahoo can be fixed
Given the behavior of Yahoo's board in recent years, it's not surprising that just about everyone on earth has written the company off for dead.
After all, Yahoo's core business has gone from dominating the Internet world ten years ago to becoming a mere annoyance in an effort to "monetize" some Asian investments.
But the consensus that there's no saving Yahoo is flat-out wrong.
Rest of the article here:
http://www.businessinsider.com/of-course-yahoo-can-be-fixed-2011-12
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