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Wall Street was valuing the web businesses as worthless so this should be interesting (Yahoo's total market cap was about equal to its remaining stake in Alibab
by jonknee 11y ago
Wall Street was valuing the web businesses as worthless so this should be interesting (Yahoo's total market cap was about equal to its remaining stake in Alibaba). Shares are up 5% after hours on the news.
- speeder 11y agoActually many times Yahoo had negative valuation (ie: Yahoo market cap was lower than Yahoo shares in Alibaba, thus if you discounted Alibaba value, Yahoo had negative value).
- sixQuarks 11y agoThey have a lot of employees to feed with a dying web property.
- jonknee 11y agoThere are still big tax issues with the Alibaba stake so that definitely has something to do with it. If they can get it to be a tax free spin off the value should increase quite a bit.
- deleted 11y ago[deleted]
- HiLo 11y agoOr just as not worth more than the trouble they're bringing to this whole ordeal, when viewing it all as a portfolio of assets. (referring to the core biz)