Yahoo! (YHOO) to Return Another $3B of Alibaba Proceeds to Shareholders
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Yahoo! (YHOO) Shareholders: Buybacks > Dividends
October 8, 2012 9:25 AM EDTAccording to Bloomberg, Yahoo! (Nasdaq: YHOO) shareholders are opting for the company to repurchase outstanding shares with its recent Alibaba Group haul rather than pay out a dividend. The main reason is that it would show management still has confidence in the company under... More
Yahoo! (YHOO) Closes Initial Stake Sale w/ Alibaba; Receives $7.6B
September 18, 2012 2:27 PM EDTYahoo! Inc. (Nasdaq: YHOO) has closed the initial sale of shares in Alibaba Group Holding Limited. At closing, Yahoo! received approximately $7.6 billion, $6.3 billion in cash and $800 million in preferred shares of Alibaba in exchange for half of Yahoo!s 40 percent stake in Alibaba, as well as a payment of $550 million for a... More
