Yahoo has closed the multi-billion-dollar sale of half its assets in China’s Alibaba Group.
Alibaba said Tuesday that it has completed the initial repurchase of shares from Yahoo! and restructured its relationship with the Silicon Valley company in a deal valued at $7.6 billion. Yahoo And Alibaba Close $7.6 Billion Assets Deal [allthingsd.com]
After taxes the deal will net Yahoo around $4.5 billion – a nice return on the $1 billion Jerry Yang put into Alibaba seven years ago.
Msg#: 4496882 posted 1:47 am on Sep 19, 2012 (gmt 0)
you know what drives me nuts? that with this kind of deals yahoo's life is extended towards infinity. it's like jerry yang had already reckoned with yahoo never being useful for anything when he hedged against it with this investment. almost 20 years, still no real business model, still burning the early dotcom billions and we're still not getting rid of them.
Msg#: 4496882 posted 2:56 am on Sep 20, 2012 (gmt 0)
Yahoo! rocks the fantasy sports market, best in the biz at the best price too(free), and they have the sports commentators to stoke the weekly fantasy fires along with the perfect web space to deliver the sports.
When they sell or dismantle their epic fantasy machine they will become irrelevant to me and no, I will not agree to pay $10 a month to keep what I now enjoy for free. I already don't mind the ads they serve me because of the greatness of their product but if forced to pay because another company buys the product... I'll find a better paid alternative.