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I think they get bought by Microsoft. There at a 52 week low. Microsoft made a bid for $30 a share before the crash.
Posts: 4381 | From: houston | Registered: Mar 2006
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18x next years earnings. They also own at the very least there market cap in Alibaba
Posts: 4381 | From: houston | Registered: Mar 2006
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Alibaba is a huge asset. Microsoft would want that asset alone for the market cap of Yahoo. I can't believe how cheap yahoo is.
Aug. 10, 2010, 7:38 a.m. EDT · Recommend · Post:
Alibaba.com profit surges 45% to $54 millionExplore related topics China Alibaba.com Ltd Yahoo! Inc Story Quotes Comments Screener Alert Email Print ShareBy Chris Oliver, MarketWatch HONG KONG (MarketWatch) -- Alibaba.com Ltd., the online services firm owned in part by Yahoo.com Inc., said Tuesday its second-quarter profit jumped 45%, helped by growth in its registered user base and income from new services.
Frantic search for Chinese survivorsGrief-stricken relatives mourn mudslide victims in northwestern China, as rescue workers continue the search for survivors. The online business-to-business platform operator reported profit of 363 million yuan ($53.6 million) compared with 249.2 million yuan in the same period a year ago.
That beat forecasts for a profit of 306.4 million yuan, according to analyst estimates compiled by Thomson Reuters.
Alibaba.com /quotes/comstock/22h!e:1688 (HK:1688 15.34, -0.06, -0.39%) said revenue for the quarter grew 48.6% from a year earlier to 1.37 billion yuan.
The company's registered international user base grew 8.5% during the quarter, or by 1.07 million registered users, to 13.64 million.
Yahoo Inc. /quotes/comstock/15*!yhoo/quotes/nls/yhoo (YHOO 13.76, +0.08, +0.58%) owns a 39% stake in Alibaba Group. The parent company owns a 70% stake in Alibaba.com and operates online shopping website Taobao.com and the mainland China online payment service Alipay.
The listed unit of the Alibaba Group also tipped a cautious business outlook in coming quarters, saying it expects growth momentum in China's small- and medium-sized businesses to moderate.
China's export growth will also moderate "due to the major uncertainties in rising costs for labor and raw materials, appreciation of the yuan, as well as the major challenges faced by the major buyer markets," the company said in a filing to Hong Kong regulators.
Customs data released Tuesday showed China's trade surplus widened to $28.7 billion in July, the largest surplus in 18 months, as exports grew at a faster-than-expected pace, while imports rose at a slower-than-expected rate. See full story on China trade data for July
Alibaba said its profit for the half year totaled 693 million yuan, or 15.65 Hong Kong cents a share, an increase of 39.8% from the same period a year ago.
Alibaba.com shares in Hong Kong ended 0.3% higher ahead of its quarterly results announcement, outpacing a 1.5% decline in the Hang Seng Index.
Chris Oliver is MarketWatch's Hong Kong bureau chief.
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Yahoo Reportedly May Sell Alibaba Group Stake For Up To $11B.UTStarcom Unveils Pair Of China Deals; Stock Gains GroundMonolithic Power Sees Q3 Revs At Low End Of Forecast RangeEmailPrintPermalinkShare: Twitter facebookYahoo! BuzzStumbleUponDiggfarkredditMySpaceLinkedIndel.icio.us Text Size By Eric Savitz Yahoo (YHOO) shares are trading higher this morning amid talk the company could sell its 39% stake in Alibaba Group - which owns Taobao and Alipay, among other assets - for as much as $11 billion.
Susquehanna Financial analyst Marianne Wolk this morning writes in a research note that on Monday, a Chinese web site reported that a venture capitalist says a deal is pending for Yahoo to sell the stake for between $8 billion and $11 billion.
Wolk says a “strong case appears to be building” that Yahoo will sell the investment. She notes that Alibaba Group CFO Joseph Tsai in May said the company is ready to buy back the shares held by Yahoo; she also notes that if Yahoo goes forward with plans to sell ads to China companies from its Hong Kong site, it will be in direct competition with Alibaba. On September 10, she notes, Alibaba CEO David Wei was quoted as saying it does not a financial partner and the Yahoo partnership has little strategic value for the company. She adds that there is speculation that the Chinese government would prefer that Alibaba not be controlled by foreign investors - Yahoo and Softbank.
Wolk notes that she had previously estimated the value of Yahoo’s stake at $4 billion to $11 billion.
“In our view, the monetization of Alibaba Group assets may enable new investment in YHOO shares, potentially attracting value investors unwilling to invest while YHOO was a conglomerate (with little to no control over investments representing as much as 43% of its net income),” she writes. “Although we would have preferred to see YHOO maintain its stake into a Taobao IPO so that the shares might have captured some of the upside to our projections as Taobao continues to achieve strong growth and profit gains, the increased likelihood of a monetization event should add credence to sum of the parts valuations.”
YHOO this morning is up 68 cents, or 5%, to $14.31.
Posts: 4381 | From: houston | Registered: Mar 2006
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They have $2 billion in cash+ the $11 billion Alibaba stake. So Yahoo is being valued at $5 billion. This is going to get taken out quick!!!!!!!!
Posts: 4381 | From: houston | Registered: Mar 2006
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Yahoo Again Cuts Into Google's Share Of Search Market Thursday 09/16/2010 6:00 PM ET - Dow Jones News
Related Companies Symbol Last %Chg GOOG 483.39 0.48% MSFT 25.20 -0.51% YHOO 14.07 -0.85%
As of 11:07 AM ET 9/17/10 DOW JONES NEWSWIRES
Yahoo! Inc. (YHOO) continued to boost its slice of the Web-search market, taking market share from sector giant Google Inc. (GOOG) again in August, according to data released by an industry researcher. According to monthly data from comScore Inc. (SCOR), Google still sat comfortably atop Web-search rankings, garnering 65.4% of U.S. core searches, down 0.4 percentage points from July. Meanwhile, Yahoo added 0.3 percentage points to its share of the market, bringing it to 17.1%. Microsoft Corp.'s (MSFT) Bing engine added 0.1 percentage point to its cut of the market, bringing its share to 17.1%. Overall, users made nearly 15.7 billion searches in August. ComScore has shifted how it reports its data after Yahoo's "contextual searches" skewed results in June. While comScore's definition of a search included the traditional search-box query type of searches, it also included some automatic search results that pop up without a user entering a specific query. Now, the group is measuring U.S. explicit core searches, which exclude contextual searches that don't reflect any intent by users. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com
(END) Dow Jones Newswires 09-16-10 1800ET Copyright (c) 2010 Dow Jones & Company, Inc.
Posts: 4381 | From: houston | Registered: Mar 2006
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Your nuts if you don't buy at these levels. HUGE upside here!!!
Yahoo Sounds Willing to Listen on Alibaba By Michael Baron 09/17/10 - 05:41 PM EDT
Add CommentStock quotes in this article:YHOO NEW YORK (TheStreet) -- Yahoo(YHOO) issued an official statement about its plans for its 39% stake in China's Alibaba Group on Friday, yet somehow the issue seems more clouded than ever. More on YHOO Must-See Charts: Yahoo!, HSBC, EcopetrolYahoo's Wild WednesdayDon't Mess With the BOJ: Dave's DailyMarket Activity Yahoo Inc.| YHOO DOWN"We are not going to comment on any private discussions we may or may not have with our strategic partners," said Carol Bartz, Yahoo's CEO, in a press release. "As with all matters like this, any decisions regarding this investment would be driven by what will create the most value for our shareholders." That last line is the most interesting of the release. Yahoo and Alibaba have had some strained relations of late, and Yahoo has made clear the investment in Alibaba is just that. And investments, at some point or another, get sold.
Yahoo shares jumped on massive volume on Wednesday after Susquehanna Financial Group issued a research note saying Yahoo was close to selling its holdings in Alibaba, a provider of e-commerce services, and that the stake could fetch as much as $11 billion. Bartz was then quoted by Reuters on Wednesday saying Yahoo wasn't planning to sell the stake, and company spokespeople voiced similar sentiments to other media outlets. Friday's statement. however, is a bit more circumspect, asserting the company's right to keep any talks private, and thus theoretically dredging up again the whole issue of whether Yahoo is indeed close to a deal. After all, if they were, they wouldn't tell anyone. Yahoo shares closed Friday's session down 2.1% at $13.89, but the stock was the most active issue in extended trades, according to Nasdaq.com, with more than 18 million shares already having changed hands. Regular session volume of 75.8 million on its own almost four times the issue's usual churn of around 19.4 million. An Alibaba spokesman said Thursday the two parties had exchanged proposals on the stake, but were unable to come to an agreement, so there is apparently a price out there that Yahoo would be willing to accept. The speculation about Yahoo's plans for its Alibaba investment come with as the company has been unveiling some of its strategic plans for continuing its transition to primarily a content company from its prior focus on Internet search. For example, on Wednesday, the company had a joint announcement with Toshiba about the availability of its Yahoo Connected TV service on several new Toshiba television models. Yahoo is also reportedly in the process of redesigning its e-mail service. The jury is still out on Wall Street though. Nineteen of the 33 analysts covering the company rate it as a hold, according to Thomson Reuters, although their median price target of $19 represents plus 25% upside from current levels.
Posts: 4381 | From: houston | Registered: Mar 2006
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People are just waking up to how cheap this company is. Someone will step in to buy them. That Alibaba stake is just to valuable. $2.6 billion in cash, and over $3.50 for Yahoo Japan. I’m not even equating the 100 million users for Yahoo U.S.
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September 21, 2010, 10:36 AM ET.Yahoo: Is The Core Business Really Worth Less Than Nothing?.Micron, SanDisk: Sterne Agee Downgrades On Price Pressures EmailPrintPermalinkShare: Twitter facebookYahoo! BuzzStumbleUponDiggfarkredditMySpaceLinkedIndel.icio.us Text Size By Eric Savitz ThinkEquity analyst Aaron Kessler this morning repeated his rating on Yahoo (YHOO), lifting his target price to $20, from $19, asserting that the Street is valuing the company’s core operations at close to zero. Or maybe less than zero.
That’s a reflection of his estimate of the value of the company’s Asian assets.
Here’s his breakdown of the estimated value of Yahoo’s investing portfolio:
Yahoo! Japan: The company owns a 34.9% stake; on an undiscounted basis, he calculates, the stake is worth $4.88 a share. Alibaba.com: Yahoo has a 29% stake, worth $2.10 a share on an undiscounted basis. Alibaba Group: Yahoo has a 40% stake, which he estimates is worth $5.61 a share. The company has $2.70 a share in cash. On that basis, the rest of Yahoo would be worth less than nothing. Kessler gives the non-cash assets of 30% to adjust for liquidity and tax implications, and still comes up with a total valuation of $9.50 a share, not counting the cash.
Of course, there’s no sign that Yahoo wants to sell any of its investments. But on a liquidation basis, it certainly looks like the Street is showing the company very little respect.
YHOO is up 34 cents, or 2.5%, to $14.20.
Posts: 4381 | From: houston | Registered: Mar 2006
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Yahoo: Is The Core Business Really Worth Less Than Nothing?
By Eric Savitz ThinkEquity analyst Aaron Kessler this morning repeated his rating on Yahoo (YHOO), lifting his target price to $20, from $19, asserting that the Street is valuing the company’s core operations at close to zero. Or maybe less than zero.
That’s a reflection of his estimate of the value of the company’s Asian assets.
Here’s his breakdown of the estimated value of Yahoo’s investing portfolio:
Yahoo! Japan: The company owns a 34.9% stake; on an undiscounted basis, he calculates, the stake is worth $4.88 a share. Alibaba.com: Yahoo has a 29% stake, worth $2.10 a share on an undiscounted basis. Alibaba Group: Yahoo has a 40% stake, which he estimates is worth $5.61 a share. The company has $2.70 a share in cash. On that basis, the rest of Yahoo would be worth less than nothing. Kessler gives the non-cash assets of 30% to adjust for liquidity and tax implications, and still comes up with a total valuation of $9.50 a share, not counting the cash.
Of course, there’s no sign that Yahoo wants to sell any of its investments. But on a liquidation basis, it certainly looks like the Street is showing the company very little respect.
posted
Yahoo! to Hold Third Quarter Earnings Conference Call October 19, 2010 Tuesday 10/05/2010 9:00 AM ET - Businesswire
Related Companies Symbol Last %Chg YHOO 14.67 2.73%
As of 11:12 AM ET 10/5/10 Yahoo! Inc. (NASDAQ:YHOO):
WHAT: Yahoo! Inc. (NASDAQ:YHOO) will host a conference call to discuss the Company's financial results for the third quarter ended September 30, 2010.
WHEN: Tuesday, October 19, 2010 at 2:00 p.m. Pacific/5:00 p.m. Eastern
HOW: The live Webcast of Yahoo!'s Q3 earnings call can be accessed at http://yhoo.client.shareholder.com/results.cfm. The Webcast will be archived within 24 hours of the event and will be available through the same link for 90 days following the call.
About Yahoo!
Yahoo! attracts hundreds of millions of users every month through its innovative technology and engaging content and services, making it one of the most trafficked Internet destinations and a world class online media company. Yahoo!'s vision is to be the center of people's online lives by delivering personally relevant, meaningful Internet experiences. Yahoo! is headquartered in Sunnyvale, California. For more information, visit http://pressroom.yahoo.com or the company's blog, Yodel Anecdotal (http://yodel.yahoo.com).
SOURCE: Yahoo! Inc.
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OCTOBER 13, 2010, 6:54 P.M. ET.AOL, Private-Equity Firms Explore Bid for Yahoo By JESSICA E. VASCELLARO And ANUPREETA DAS AOL Inc. and several private equity firms are exploring the possibility of bidding for Yahoo Inc., according to people familiar with the matter.
Silver Lake Partners and Blackstone Group LP are among the firms that have expressed interest in either teaming up with AOL to buy the company or trying to take it private on their own, these people said. They added that at least two or three other firms could be interested in participating if a formal buyout proposal is drawn up.
The people familiar with the matter cautioned that these discussions—involving private-equity firms, AOL executives and financial advisers—are preliminary and do not yet involve Yahoo. The conversations may not even lead to an approach given the complexities inherent in structuring a proposal, the people said.
AOL, which spun off from Time Warner Inc in late 2009, currently has a market capitalization of $2.68 billion, far smaller than Yahoo's $20.56 billion.
Spokeswomen for Yahoo and AOL declined to comment. Blackstone also declined to comment. Silver Lake didn't immediately respond to requests for comment.
One of the scenarios under discussion among the buyout firms is a complex deal in which China's Alibaba Group would buy back Yahoo's roughly 40% stake in the company, the people said. Some of Yahoo's other assets would also be sold off to interested media or technology companies, and the remaining company would be of a much smaller valuation that private-equity firms could get financing for, one of the people said.
Another scenario involves AOL combining its operations with Yahoo in a reverse merger after Yahoo disposes of the Alibaba stake, the people said. It is unclear if the resulting entity would be listed publicly or taken private. .
AOL, Private-Equity Firms Explore Bid for Yahoo .Article NewStock Quotes Comments (3) more in Tech ».EmailPrintSave This ↓ More. .Twitter Digg + More close Yahoo! BuzzMySpacedel.icio.usRedditFacebookLinkedInFarkViadeoOrkut Text By JESSICA E. VASCELLARO And ANUPREETA DAS AOL Inc. and several private-equity firms are exploring making an offer to buy Yahoo Inc., according to people familiar with the matter, devising a bold plan to marry two big Internet brands facing steep challenges.
Silver Lake Partners and Blackstone Group LP are among the firms that have expressed interest in either teaming up with AOL to buy Yahoo or trying to take it private on their own, these people said. They added that at least two or three other firms could be interested in participating if a formal buyout proposal is drawn up.
The people familiar with the matter cautioned that these discussions—involving private-equity firms, AOL executives and financial advisers—are preliminary and don't yet involve Yahoo. The conversations may not lead to an approach given the complexities inherent in structuring a proposal, the people said.
Spokeswomen for Yahoo and AOL declined to comment. Blackstone also declined to comment. Silver Lake didn't immediately respond to requests for comment.
AOL, which spun off from Time Warner Inc. in late 2009, currently has a market capitalization of $2.68 billion, far smaller than Yahoo's $20.56 billion market value.
Shares of Yahoo jumped 5.7% to $15.25 on Wednesday in one of the highest volume days of the year. The stock traded 49.6 million shares, compared with an average of 17 million shares a day so far this month. It was one of the best performing tech stocks of the day, far outperforming the Nasdaq's 1% rise.
One of the scenarios under discussion among the buyout firms is a complex deal in which China's Alibaba Group would buy back Yahoo's roughly 40% stake in Alibaba, the people said.
Some of Yahoo's other assets would also be sold off to interested media or technology companies, and the remaining company would be of a much smaller valuation that private-equity firms could get financing for, one of the people said.
Another scenario involves AOL combining its operations with Yahoo in a reverse merger after Yahoo disposes of the Alibaba stake, the people said. It is unclear if the resulting entity would be listed publicly or taken private.
Alibaba's Chief Executive Jack Ma has repeatedly expressed interest in repurchasing Yahoo's stake in his company, which analysts value at around $10 billion. A large chunk of Yahoo's current market capitalization comes from its Alibaba stake.
Separately, AOL Chief Executive Tim Armstrong has also talked privately about the idea that Yahoo could buy AOL, according to a person familiar with the matter.
A combined Yahoo-AOL would have greater scale to compete in online advertising against industry juggernaut Google Inc. While both companies draw huge amounts of users, their online advertising businesses have struggled as they've faced competition from a range of websites. The scenarios being discussed are similar to ones a wide range of financial firms have discussed before.
While private-equity firms have long contemplated a deal for Yahoo, talks have heated up in recent weeks as several senior Yahoo employees have left the company, intensifying pressure on Yahoo Chief Executive Carol Bartz to prove she can turn the company around she has run for 21 months, the people familiar with the matter said.
Write to Jessica E. Vascellaro at jessica.vascellaro@wsj.com and Anupreeta Das at anupreeta.das@wsj.com .
Yahoo (YHOO) is seeing relative strength and heavy trading in the options market. Yahoo is due to report October 19, after market. Total volume includes 149K calls and 52K puts. Nov 17 and Jan 20 calls are the most actives. One noteworthy trade is in the Jan13s, as one player apparently paid $1.25 for the bullish risk-reversal, 15400X. a more recent trade is a Jan 17.5 - 20 (1X2) call ratio spread at 20 cents, 3500X. It's similar to a Jan 17.5 - 20 - 22.5 call fly, which traded 9000X Thursday, following talk of a possible YHOO buy-out.
P.E. jitters for Alibaba’s Jack Ma Alibaba and its founder may be real target for AOL, private equityView all Caixin Online › ‹ Previous Column
China should lead, not follow on yuan First Take ›
Freeport: sitting on a gold mine Story Quotes Comments Screener (1) Share Yahoo! Buzz MySpace del.icio.us Reddit LinkedIn Fark StumbleUpon Newsvine |Recommend PrintEmail AlertBy Wang Shanshan BEIJING (Caixin Online) — Alibaba Group’s biggest investors may be foreign companies, but company founder and Chinese Internet mogul Jack Ma plans to maintain firm control over the vast e-commerce empire.
At least that’s what Ma promised while speaking to a trade conference audience Oct. 12.
About Caixin Caixin is a Beijing-based media group dedicated to providing high-quality and authoritative financial and business news and information through periodicals, online and TV/video programs. • Get the Caixin e-newsletter/conga/story/misc/caixin.html 61611 Meanwhile, market rumors were swirling amid reports of a possible buyout of Alibaba’s largest shareholder, the U.S.-based Internet giant Yahoo /quotes/comstock/15*!yhoo/quotes/nls/yhoo (YHOO 16.10, +0.13, +0.81%) , by U.S.-based Internet media company AOL /quotes/comstock/13*!aol/quotes/nls/aol (AOL 25.54, +0.72, +2.90%) and private equity firms.
Some analysts say the real target of P.E. firms trying to catch a ride on an AOL deal might be Japanese and Chinese assets, including Alibaba, which is 39% owned by Yahoo. And questions have been raised about how Ma himself might be affected.
The Wall Street Journal reported Oct. 14 that AOL was in talks with P.E. firms Silver Lake and Blackstone Group /quotes/comstock/13*!bx/quotes/nls/bx (BX 13.49, -0.26, -1.89%) about a deal for Yahoo, whose current market value is about $ 21.4 billion. The fact that AOL’s value is much less, following a restructuring last year, has turned most of the market’s attention toward Yahoo and its valuable Asian holdings.
“Yahoo’s investment in Alibaba is worth $12 billion, which Yahoo Japan’s /quotes/comstock/11i!yaho.y (YAHOY 116.00, -2.55, -2.15%) (JP:4689 28,610, -880.00, -2.98%) asset values at $6 billion,” an IT industry source in Silicon Valley said. “In addition, Yahoo has $3 billion to $4 billion in cash.”
Alibaba’s value is estimated at $30 billion. The Hong Kong-listed portion of the company has a current market value of about 77 billion Hong Kong dollars ($9.9 billion), but that does not include its unlisted assets including online shopping site Taobao.com and online payment service Alipay.
Market analysts said they expect several P.E.s to get involved in partnerships. Some reports say P.E.s have contacted media conglomerate News Corp. /quotes/comstock/15*!nws/quotes/nls/nws (NWS 16.09, -0.06, -0.37%) /quotes/comstock/22x!e:nws (AU:NWS 16.32, +0.02, +0.12%) as a backup partner, which reflects their confidence in a Yahoo deal.
Yet Ma’s position at Alibaba /quotes/comstock/22h!e:1688 (HK:1688 15.00, +0.08, +0.54%) /quotes/comstock/11i!albcf (ALBCF 1.93, -0.01, -0.52%) could be jeopardized by P.E. control. One source said Ma is worried that P.E.s, in a search for fast profits, may push for public listings of Taobao and Alipay ahead of a reasonable schedule.
Another concern is that Yahoo’s stake in Alibaba might be sold to Chinese rivals such as search giant Baidu /quotes/comstock/15*!bidu/quotes/nls/bidu (BIDU 103.01, +0.53, +0.52%) , or that P.E.s would force Ma to pay a high price for a stock buyback.
“The worst situation for Ma is to see (Alibaba’s) assets controlled by P.E.s,” said a market source.
Some speculate Ma himself may launch a takeover of Yahoo, although most analysts say that such a move would be unrealistic. They add that Ma would see little value in most Yahoo assets.
While P.E.s circle overhead, some analysts say Ma may find it effective to protect his position with Alibaba by advancing IPOs for Taobao and Alipay to satisfy Yahoo.
Alibaba hasn’t announced a timetable for listing Taobao stock, although a source close to the company told Caixin that an employee shareholding incentive plan is now taking shape. See this report on Caixin Online.
News Corp., referred to in this report, is the owner of MarketWatch.
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Alibaba Expects to Repurchase Stake from Yahoo! 0 minutes ago - Sinocast
Related Companies Symbol Last %Chg YHOO 16.11 0.88%
As of 9:45 AM ET 10/22/10 Alibaba Group expects to repurchase an about 40 percent stake Yahoo! Inc. (NASDAQ: YHOO) controls in it, Jack Ma, CEO of the Chinese ecommerce giant, said many times publicly.
According to an industry observer, the value of the stake is about USD 10 billion currently. So far, the group has made only its B2B unit, Alibaba.com Ltd. (SEHK: 1688), debut on the stock market, remaining the other two major businesses including Taobao.com and Alipay.com unlisted. And in the industry observer's opinion, its value should be USD 25 billion to USD 30 billion now.
However, it may meet some trouble in repurchasing the about 40 percent stake. AOL Inc. (NYSE: AOL), in partner with several private equity firms including Silver Lake and Blackstone Group LP (NYSE: BX), offered to acquire Yahoo! after Microsoft Corporation (NASDAQ: MSFT) failed to do so two years ago. "It is only a proposal and provided that the formal tender offer is drafted, more private equity firms will take part in," said people in the know. AOL spilt off from Time Warner Inc. (NYSE: TWX) at the end of 2009 and currently, its market value is about USD 2.68 billion, compared to USD 20.56 billion of Yahoo!. Thus consideration will be the key whether AOL and those private equity firms can make the deal finally.
In order to block the tender offer, Yahoo! has teamed up with famed investment bank Goldman Sachs. Notably, there is possibility for Yahoo! to acquire AOL. Driven by the reports, Yahoo! rose 5.68 percent, or USD 0.82, to close at USD 15.25 in regular trading on October 13. And in the after-hour trading, it surged 12.92 percent, or USD 1.97, to close at USD 17.22.
Yahoo! is one of the creators of the internet miracle at the end of 20 century, but as time goes by, it is laid behind by Google in search engine, AOL and MSN in instant messaging tool and eBay in ecommerce. And it is the company's premium assets in the Asian market that caused AOL and those private equity firms to cast eye on it. In addition to a 35 percent stake in Yahoo! Japan, it controls an about 40 percent in Alibaba Group. The assets accounts for about 60 percent of its market value.
Yahoo! took an about 40 percent stake in Alibaba Group after injecting all assets of Yahoo! China into the latter in August 2005 and in line with contract both sides inked, Yahoo!'s voting right in the latter will rise to 39 percent from 35 percent from October 2010 while that of top executives of the target will drop to 31.7 percent from 35.7 percent. That is to say, the buyer will have a bigger say in the Chinese group.
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