Latest News| Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion -  SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...
2012-05-21T11:57:37Z | | Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion - SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...
2012-05-21T11:57:37Z | | Microsoft launches social network So.cl, claims not to compete with Facebook -  While Facebook is busy reveling over its recent IPO, Microsoft has quietly taken its own social network, So.cl, out of beta and opened it up to users around the globe.
2012-05-21T11:07:08Z | | Yahoo to sell half of its Alibaba stake for $7.1B -  Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.
2012-05-21T09:22:33Z | | Google+ trends: Mark Zuckerberg weds, leaders watch as Chelsea beats Bayern -  Facebook CEO Mark Zuckerberg updated his Facebook status to “married” after tying the knot with longtime girlfriend Priscilla Chan in a surprise ceremony on Saturday.
2012-05-21T09:08:06Z |
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