Alibaba, Yahoo, Softbank strike pact on Alipay
2 posters
Alibaba, Yahoo, Softbank strike pact on Alipay
Alibaba, Yahoo, Softbank strike pact on Alipay
NEW YORK | Fri Jul 29, 2011 12:08pm EDT
(Reuters) - Alibaba Group stands to get up to $6 billion in a spin-off of its Alipay e-payment division under a long-awaited deal the Chinese company struck with partners Softbank Corp and Yahoo Inc.
Shares of Yahoo, which owns 43 percent of Alibaba, initially jumped on the deal. But they reversed course and were down 2.5 percent at $13.16 by late morning, as investors grew concerned about the company's ability to control, and wring benefit from, its prized Asian assets.
The pact, announced in a joint statement on Friday, brings some relief to Yahoo investors but does not resolve the issue of how Yahoo can capitalize on its Asian assets, considered on Wall Street the most valuable slice of the struggling U.S. Web company.
http://www.reuters.com/article/2011/07/29/us-yahoo-alibaba-idUSTRE76S2QN20110729
NEW YORK | Fri Jul 29, 2011 12:08pm EDT
(Reuters) - Alibaba Group stands to get up to $6 billion in a spin-off of its Alipay e-payment division under a long-awaited deal the Chinese company struck with partners Softbank Corp and Yahoo Inc.
Shares of Yahoo, which owns 43 percent of Alibaba, initially jumped on the deal. But they reversed course and were down 2.5 percent at $13.16 by late morning, as investors grew concerned about the company's ability to control, and wring benefit from, its prized Asian assets.
The pact, announced in a joint statement on Friday, brings some relief to Yahoo investors but does not resolve the issue of how Yahoo can capitalize on its Asian assets, considered on Wall Street the most valuable slice of the struggling U.S. Web company.
http://www.reuters.com/article/2011/07/29/us-yahoo-alibaba-idUSTRE76S2QN20110729
--------------------------------------------------------------------------------
| Seoflex Forum |
Re: Alibaba, Yahoo, Softbank strike pact on Alipay
yes alibaba worth the action is a world wide b2b and the most popular in ASIA MARKET
http://www.freebiesoffers.blogspot.com
http://www.freebiesoffers.blogspot.com
lamoham- Posts : 3
Points : 4643
Reputation : 0
Join date : 2011-09-22
Similar topics
» Custom B2B and B2C portals like Alibaba
» How can I get approve in yahoo directory ?
» Yahoo - Faster Email Search with Yahoo! Mail Beta
» Yahoo Contacts to iPhone- How to Import Yahoo Address Book to iPhone on Mac
» Killzone.ro counter strike
» How can I get approve in yahoo directory ?
» Yahoo - Faster Email Search with Yahoo! Mail Beta
» Yahoo Contacts to iPhone- How to Import Yahoo Address Book to iPhone on Mac
» Killzone.ro counter strike
Permissions in this forum:
You cannot reply to topics in this forum
|
|