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Yahoo owns a roughly 39% stake in Alibaba which is by far the most valuable asset on Yahoo's books. Alibaba has been wanting to repurchase this stake for a whil
by mustpax 15y ago
Yahoo owns a roughly 39% stake in Alibaba which is by far the most valuable asset on Yahoo's books. Alibaba has been wanting to repurchase this stake for a while now. With Yahoo so cheap, buying the whole company might be the easiest way to buy back the stock. The rest of Yahoo is just icing on the Alibaba cake (if not an outright liability).
How times change.
- vaksel 15y agoI think we'll be seeing a lot more of this, since China has really come into it's own and has cash to spend
- deleted 15y ago[deleted]