Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 07 May 2012 12:50

Yahoo about to sell some of its Alibaba shares

Written by Nick Farrell



Will help sell the lot later on


Yahoo is about to sell 15 to 25 percent of Alibaba Group's stock back to China's largest e-commerce company.

The company has been trying to off-load the problematic shares as a way of making some cash. However negotiations between the pair have stalled a number of times. This share sale is designed to remove complexities that have stuffed the deal up in the past.

A $17 billion tax-free asset swap between the two companies fell apart in February. The latest deal would not be tax-free and would be much more straightforward.

"The overall complexity of this deal is much simpler. There's no IRS risk, there's no complications with regards to the identification of assets," the company stated. In a best case scenario, a deal could be weeks away.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments