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Yahoo owns about 24% of Alibaba, a company that's worth ~$150B (varies widely on who you talk to). They are reducing their position by 5-10%, which translates i
by meritt 12y ago
Yahoo owns about 24% of Alibaba, a company that's worth ~$150B (varies widely on who you talk to). They are reducing their position by 5-10%, which translates into anywhere from $5B to $20B in cash.
- revelation 12y agoNow thats a smart move, reduce your stake in one of the strongest growth stories ever to buy a struggling analytics company.
- fleitz 12y agoI think you're ignoring brand synergy. Flurry is a perfect fit brand-wise. What's the point of having a 3rd rate photo sharing service if you don't have 3rd rate analytics to go with it, and who wants growth when the rest of the company is dying?
- discardorama 12y agoThe reduction in stake was a long-term agreement between the two. Yahoo has no choice but to sell. Keeping in mind the hotness of $BABA, they've re-negotiated the deal and now have permission to sell only ~140M shares at IPO, instead of the earlier agreed-upon ~230M.