Yahoo And Alibaba Close $7.6 Billion Assets Deal

[engine]

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.

[moTi]

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.

[Angonasec]

A lot of people got rich off the boom in Y! shares; those who got out when the plug was pulled, stayed rich, the rest bear self-inflicted kick marks.

You can get rid of them if you wish to, just close all your accounts with them, and they will vanish from your life.

This is the company who paid US$4.5 billion for GeoCities.com.

No plan, vision, or sense of worth, just panic buying and selling according to which way the wind blows.

Doomed.

[engine]

Looking after the Yahoo shareholders.

In a memo to employees, Yahoo CEO Marissa Mayer says she will return $3.65 billion of that money to shareholders.

Yahoo will be keeping $650 million.

"This outcome is terrific for Yahoo," writes Mayer.

"It generates liquidity to create substantial value for our shareholders, while retaining a meaningful amount in the company to invest in our future."

Read more: [businessinsider.com...]
Shareholders to get $3.65 Billion [businessinsider.com]

[minnapple]

What I find it interesting while geocities.com has been shut down, geocities.yahoo.co.jp is still alive.

The only true value I could see in Yahoo's business was the Asian market. And now they sold part of it?

If I am reading this correctly . . .

I would issue a strong sell on Yahoo's stock after any bump they get from this move which looks like of an act of desperation for short term operational capital.

Disclaimer: I am not a financial adviser, and this post should not be considered as a financial recommendation.

Please research or consult with your personal financial adviser before . . . blah blah blah

[Sgt_Kickaxe]

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.

Yahoo fantasy sports aren't broken Mr Yang.

[rango]

Marissa's got plans and needs more cash. Seems like a solid move to me.