Alibaba CEO Steps Down, Considers Himself Too Old to Run Internet Company
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/16/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Yahoo! (YHOO) Sells Half of its Alibaba Stake for $7.1 Billion, Boosts Buyback Plan By $5 Billion
May 20, 2012 10:44 PM EDTSunday evening, Yahoo! (Nasdaq: YHOO) announced a multi-step plan to monetize its Alibaba stake that includes selling half now for $7.1 billion and the selling the remaining part when Alibaba goes public. The company also significantly raised is stock repurchase plan, returning most of the immediate proceeds to shareholders.
Under the first... More
