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Yahoo gains $7.1B in stock, cash in Alibaba share buyback

05/22, 8:09pm

Search engine gets $6.3B in cash, $800M in stock, more

Alibaba, a Chinese-owned e-commerce giant, has bought half of Yahoo's stake in the company through a buyback deal. The previously speculated arrangement, announced on Sunday, sees Alibaba receive half of the 40 percent stake Yahoo has in the company in exchange for $6.3 billion in cash, and around $800 million in new Alibaba preferred shares. Yahoo will also receive preferential treatment if Alibaba conducts an initial public offering, with either Alibaba buying or Yahoo selling 25 percent of the remaining stake.

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Yahoo CEO Thompson: I didn't provide inaccurate resume

05/10, 11:25pm

Thompson accused of falsehoods in resume by Daniel Loeb

Embattled Yahoo CEO Scott Thompson has provided another explanation for the inaccuracies on his resume. Thompson reportedly told other top Yahoo executives that he never personally provided Yahoo with a resume prior to taking the CEO job. Yahoo representatives have declined to comment on this matter.

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Yahoo said in talks to divest 15-25 percent of Alibaba

05/05, 8:31am

Yahoo could raise up to $8 billion in new Alibaba deal

Yahoo is said to be in talks to divest 15-25 percent of its holdings in e-commerce giant Alibaba in a buyback initiated by the Chinese-owned company. According to its sources, Reuters says that the transaction is aimed at removing some or all of the issues that arose when Alibaba’s CEO Jack Ma attempted put together a deal to gain control of Yahoo. Yahoo, which owns 40 percent of Alibaba, could stand to make anywhere between $4.8 billion to $8 billion if the deal goes through.

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