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I forgot about that. From what I just re-scanned, you aptly phrase it as "under threat of what might happen" if Bartz (former YHOO CEO) had fought it out. Fro
by caminante 9y ago
I forgot about that. From what I just re-scanned, you aptly phrase it as "under threat of what might happen" if Bartz (former YHOO CEO) had fought it out.
From my crude timeline (below), I'm assuming that YHOO was more concerned about Alibaba (PrivateCo + Chinese jurisdiction) embezzling the rest of the assets, not that Alipay was extremely valuable and en route to becoming the most valuable private company in the world -- which it did!
2014: Alibaba goes public with IPO...
2011: Alibaba spun off Alipay and settles with Yahoo for 37.5% of Alipay (with $2-6B contingency clause should Alipay undergo a liquidity event.) This is after Jack Ma got tapped on the shoulder by the Chinese government and told he needs to comply with new regulations for third-party payment services. Or at least, that's Ma's story.
2001: Yahoo purchased 43% ownership of Alibaba in exchange for Yahoo China and $1B