Yahoo shares are trading higher Monday after the company late Sunday unveiled a complex plan to start unwinding its 40% stake in Alibaba Group. At the valuation contemplated for Alibaba in the deal – at least $35 billion – Yahoo’s stake would be worth at least $14 billion, or more than 70% of Yahoo’s current [...]
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Time to buy Yahoo shares? Bernstein Research analyst Carlos Kirjner thinks so. Taking a bullish view of Yahoo’s pending deal to sell at least half of its stake in Alibaba Group back to the company, he upped his rating on the stock t... Read Post
Yahoo shares are trading higher Friday morning on a report that the company is getting close to selling part of its Alibaba Group stake back to the company, AllThingsD reports. Back in the old days (last month) when Scott Thompson w... Read Post
Yahoo late Sunday announced that it has – finally! – reached a deal to unwind its roughly 40% stake in Alibaba Group. There’s nothing simple about this deal; the company will sell between a quarter and a half of its shares now, with... Read Post