Tag Archives: yhoo

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

Yahoo Handed Its Third Downgrade Since Alibaba IPO

RBC Capital Markets became the third investment bank to downgrade consumer Web portal Yahoo (YHOO) this week, saying the troubled company is no longer benefitting from Alibaba (BABA) now that the China Internet giant’s IPO has passed. RBC downgraded Yahoo on Thursday to sector perform and set a price target of 44. On Monday, Sanford C. Bernstein downgraded Yahoo stock to market perform from outperform, while Bank of America downgraded Yahoo stock