wtorek, 15 lipca 2014

Yahoo to keep more of Alibaba, share half of IPO proceeds

A Yahoo logo is pictured in front of a building in Rolle By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc pledged to pay its shareholders at least half the proceeds from Alibaba Group Holding Ltd's mega-IPO this fall and plans to keep a larger stake in the Chinese e-commerce company than expected. Yahoo's roughly 24 percent stake in the world's largest Internet retailer is viewed on Wall Street as its most prized asset. On Tuesday, it said Alibaba had agreed to reduce the number of shares Yahoo is required to sell in the IPO to 140 million shares from 208 million previously. Yahoo also forecast third-quarter net revenue, excluding fees paid to partner websites, of $1.02 billion to $1.06 billion, less than the $1.1 billion Wall Street analysts had expected on average.








via Tech News Headlines - Yahoo News http://ift.tt/1r2SnGW

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