Monday May 28, 2012

China's Alibaba raising $3 bil for Yahoo! stake

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Alibaba plans to borrow $3 billion to buy back the stake Yahoo! owns in the company AFP

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  • 0

    Wurthington

    Interesting.... Yahoo USA also owns a 34.75% stake in Yahoo Japan and Softbank owns 35.45% of Yahoo Japan. Softbank has been trying for weeks to find someone to partner with them to buy the 34.75% that Yahoo USA owns. But I think Softbank should leave it be for now mainly because they need to concentrate more on building out a 4G network for all their new cell phone customers. DoCoMo is quite aware it has been losing market share to Softbank since they started selling the iPhone. Softbank needs to increase bandwith for both the 3G and introduce a 4G network quickly or they'll start to see defections back to other companies. If anything Softbank should look to buy just 15% of the Yahoo Japan shares.... this way they would at least own more than 50% of the company.

  • 0

    ultradork

    Flushing sound...

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