Tag Archives: baba

Yahoo Take-Home From Alibaba IPO: A Cool $9.4 Billion

Talk about a potent war chest. Yahoo (YHOO) netted some $9.4 billion from the sale of shares it held in China e-commerce leader Alibaba, according to a regulatory filing on Tuesday. Yahoo sold 140 million shares in Alibaba (BABA)’s IPO last month, at 68 per share. The $9.4 billion take reflects underwriting discounts and commissions of 0.816 per share. The Sunnyvale, Calif.-based Web portal retains 383 million Alibaba shares, a 15% stake in the

Video: Yahoo Take-Home From Alibaba IPO: A Cool $9.4 Billion

Talk about a potent war chest. Yahoo (YHOO) netted some $9.4 billion from the sale of shares it held in China e-commerce leader Alibaba, according to a regulatory filing on Tuesday. Yahoo sold 140 million shares in Alibaba (BABA)’s IPO last month, at 68 per share. The $9.4 billion take reflects underwriting discounts and commissions of 0.816 per share. The Sunnyvale, Calif.-based Web portal retains 383 million Alibaba shares, a 15% stake in the

Yahoo Gets Upgrade, Following Downgrades; Stock Falls

Yahoo (YHOO) got an upgrade Monday following several downgrades last week, but the Web portal’s stock still fell as a major investor pressed the company to merge with AOL. With a substantial stake in China e-commerce leader Alibaba (BABA), Yahoo stock had served as a proxy for that company until Alibaba’s record IPO this month. Yahoo had a 22.4% stake in Alibaba and reaped an estimated $6 billion by selling a portion of its holdings, as per an