Tag Archives: lead tech

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

EBay’s PayPal Faces Mobile Threat From Apple Pay

EBay’s PayPal and others with a head start in online payments might see Apple’s thrust into mobile payments whittle away their advantage, says Mercator Advisory Group. Besides eBay (EBAY) — which early Tuesday announced that it would spin off payments unit PayPal next year — those facing a testier future because of Apple’s (AAPL) emergence in mobile payments include Google (GOOGL) and Softcard, the partnership of wireless firms AT&T (T), Verizon

How Apple Pay Works: A Simple Explanation For Users

CEO Tim Cook spotlighted Apple’s first foray into payments — a mobile app called Apple Pay — during the company’s Sept. 9 iPhone 6 rollout. The tap-to-pay technology lets iPhone and Apple Watch users make purchases by tapping the devices at check-out registers in more than 20,000 participating stores. They include retail chains such as McDonald’s (MCD), Macy’s (M) and Staples (SPLS). Apple (AAPL) also got major credit-card companies Visa (V),