Yahoo Closes $7.6 Billion Deal with Alibaba Group

YahooBy MICHAEL LIEDTKE, AP Technology Writer

SAN FRANCISCO (AP) - Yahoo (YHOO) will live up to its promise to pay its shareholders most of the money from a $7.6 billion deal with the Chinese Internet company Alibaba Group.

Yahoo reassured its shareholders Tuesday a few hours after Alibaba disclosed it had completed a complex transaction announced four months ago.

At that time, Yahoo pledged to distribute most of the proceeds to shareholders who have been frustrated with the company's slumping stock price.

But Yahoo signaled last month that new CEO Marissa Mayer might scrap that plan and hold on to the money to finance her ideas for turning around the company.

Yahoo now estimates shareholders will receive $3.65 billion of the $4.3 billion remaining from the Alibaba deal after taxes.


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rchrdlow

why is it that these american companys can't keep their company in the USA. They should be made to come back to the USA and put Americans back to work

September 19 2012 at 8:29 AM Report abuse rate up rate down Reply
A.G. SESKIS

P.S.
YAHOO isnt proving themselves much better,....just by reading the " deal " ,..sounds to me like a total " CONFUSED MESS ", ...that cant be good for anyone,.....esp. when you want to deal with CHINA,..who in the past has tried to HACK into the U.S. Govt. computers for intelligence,...so think about it,....you think this is a GAIN for Yahoo ? ,..or the CHINESE GOVT. ??? !!
Makes you wonder,....why the deal was ever mentioned,...just curious of who it will REALLY benefit in the LONG RUN !! YAHOO who is hurting for money / leadership,...or CHINA,...wanting MORE ACCESS to the U.S. computer system,...hmmm ....think about the deal,...the lack of money,...and the access to MORE of the U.S.A.`s internet / policies / etc. ,...either way ,..in MY opinion ,...A BAD DEAL !!
And just again proves that our idiots who run these large companies are incompetent , and only see $$$$ , than the real World for what it is,...and we all have to suffer for it,...while the idiots UP TOP , get way over compensated for being stupid ,..point been proven for the Great Depression of 2008,....and yet, the rest of the World suffers for their stupidity / GREED !!!
When will the stupidity come to common sense ?? I`ll sell these idiots some common sense for ,..oh,... $ 15 Trillion !!!!!
Morons !!!
Doesnt take a " rocket scientist " for figure out the stupid decisions most of these companies are making just for a profit of a BUCK, and selling out our own workers along the way,.....sad what greed in big business has come to,...and NOW , we are supposed to feel " sorry " for them because their PROFIT MARGIN is below the crooked Wall St. expectations ???? REALLY ? Hope they ALL FALL !!! Which they should have BACK IN `08 !!!!!
Screw the commie supporting companies who rather pay CHILDREN LOW WAGES in other countries,...than to think to call themselves an AMERICAN COMPANY who rather support 3rd World countries workforce than OUR OWN !!!
That`s right I said it,...and not scared ,....our companies are going MORE COMMUNIST every damn day , in support of LOWER WAGES to other countries,....while YET CHARGING EVERY U.S. CITIZEN THE FULL / OR RAISED PRICE FOR PRODUCTS, THAT THEY ARE SUPPOSEDLY SAVING SO MUCH ON LABOR FOR ???? WHY IS THAT ???? IF EVERYTHING IS MADE OUTSIDE OF THE U.S.A. , THEN WHY HASNT THE PRICE OF EVERYTHING GONE *** DOWN *** !!!!!!!!!
SO the crooked CEO`s can get another 10 million ??? BULLSHIT !!
TIME FOR EVERY U.S. CITIZEN TO SAY NO MORE !!!
YOU claim to be a PATRIOT COMPANY ???? THEN HIRE U.S. WORKERS !!!
DONT BUY / MERGE WITH CHINA TO PROFIT !!!

September 19 2012 at 5:35 AM Report abuse rate up rate down Reply
A.G. SESKIS

YOU KNOW WHAT,....THIS IS IRRELEVANT TO THE STORY AT HAND.
BUT,....what we need to start is a revolution AGAINST GOOGLE, and it`s subsidiarity, you tube/ etc.
You are not even allowed to contact Google in any way ,..unless you are a member of GMAIL , or Google itself ,...not even an 1-800 # ,...now how freaking SAD is that !!!!! DONT CARE TO HAVE A GMAIL ACCT. ,..BECAUSE I DONT WANT TO BE MONITORED FOR EVERY MOVE I MAKE ONLINE !!! WHEN WILL ALL OF YOU IDIOTS REALIZE THAT ?????????
I SAY TIME TO BOYCOTT GOOGLE !!!! IT`s a crooked MONOPOLY, that forces everyone to join their bullshit,..just to comment on vids, or even be able to post one,...why are we FORCED to have to have a GOOGLE acct. ?? And no **** ,..I KNOW THE GREEDY GOOGLE CLOWNS BOUGHT OUT ** YOU TUBE ** ,....BUT ITS TURNED INTO AN UNJUST MONOPOLY !!!
And sad our crooked azz Govt. allowed it to happen,....just AGAIN proves who they really care about,....BIG BUSINESS ,....over what WE THE PEOPLE need or want,....WE HAVE BEEN SOLD OUT FOR TOO LONG !!
BOYCOTT ** GOOGLE *** !!
BETTER YAHOO THAN GOOGLE RIGHT NOW,....AT LEAST YOU HAVE SOME KIND OF PRIVACY ,....BECAUSE GOOGLE WILL SELL YOUR AZZ OUT FOR A FEW $$$ !!!!

September 19 2012 at 4:47 AM Report abuse rate up rate down Reply
willi149s

Hmm...read a story somewhere about ali baba and the 40 thieves...do you think I'm going to do business with a company that puts their intentions out there for all to see in their name...

September 19 2012 at 1:06 AM Report abuse rate up rate down Reply
Just Mee Again

Yahoo SUCKS!! I wouldn't waste a penny investing in them. Never had no much spam in ANY email carrier like yahoo.

September 18 2012 at 7:51 PM Report abuse rate up rate down Reply
1 reply to Just Mee Again's comment
A.G. SESKIS

GOOGLE IS MUCH WORSE,...YOU CANT EVEN GET ANY KIND OF CONTACT INFO GOT GOOGLE,...NO MATTER WHAT THE SUBJECT,.......WHO THE HELL NEEDS TO READ OUT OF DATE FORUMS ??? I WANT CONTACT ** NOW ** * ,..THE MONOPOLIZING GOOGLE CLOWNS CANT EVEN PROVIDE AN 800# !!!
SICK / SAD / AND UNJUST !! AND CHEAP ASS !!

September 19 2012 at 5:02 AM Report abuse rate up rate down Reply
phil0203

"Alibaba is paying $7.1 billion to buy back Yahoo's 20 percent stake in the company and an additional $550 million to cover revised technology and licensing agreement. Yahoo will retain a roughly 20 percent stake in Alibaba."

It MUST be complex if Yahoo is selling its 20 percent stake in Alibaba for $7.1 billion while retaining a roughly 20 percent stake in Alibaba!

September 18 2012 at 3:03 PM Report abuse +1 rate up rate down Reply