Internet giant Yahoo (YHOO) late Wednesday priced a $1.25 billion offering of convertible five-year notes, boosting the funds raised by 25% a day after announcing the offering, sending shares higher Thursday. Yahoo “upsized” the deal from $1 billion, and also boosted the allowable over-allotment to $187.5 million from the $150 million it proposed late Tuesday. Yahoo stock climbed about 2.5% to 36.50 midday in the stock market today. That topped
Yahoo (YHOO) stock rose Wednesday after the Internet giant late Tuesday disclosed plans to sell $1 billion in convertible notes and boost its share buyback plan by $5 billion. Yahoo stock was up more than 3% in morning trading in the stock market today, near 35.80. On Monday, Yahoo stock touched its highest price since January 2006, at 36.19. Yahoo says initial purchasers of the $1 billion in convertible debt have a 30-day option to buy an
Web portal Yahoo launched an auction Thursday of more than 100 premium website domain names. But first-day bidding was tepid. As of 5 p.m. Eastern time, only one domain name, postajob.com, had reached its reserve range, with a bid at deadline of $650. The top property for sale was av.com, but its most recent bid of $11,000 is far below the reserve range of $1 million to $1.5 million. Other popular Yahoo (YHOO)-owned domain names up for auction through marketplace Sedo include sled.com, jockeys.com, webserver.com, sandwich.com and voicemail.com. Bidding for sandwich.com had reached $5,000, but that is well below its reserve price of $50,000 to $100,000. You’d think sandwich shops like Subway, Quiznos or recently public Potbelly (PBPB) might be interested. But so far they don’t appear to have taken the bait. Maybe fans of sandwich-loving Jake the Dog, a character on Cartoon Network’s popular series “Adventure Time,” might consider …