Alibaba.Com Limited (ALBCF.PK) Stock

Business Intelligence
Transcripts
Events
Key Developments

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

50 people get ALBCF.PK articles and Market Currents by email alert.

Get email alerts on ALBCF.PK »

ALBCF.PK Market Currents more »

Thursday 10:45 PM Alibaba.com (ALBCF.PK) shareholders approve a plan to take parent Alibaba Group Holding private, in order to free some of the "pressures" of public listing. Alibaba Group would pay HK$13.50/share for the 27% of Alibaba.com it doesn't already own - another step toward autonomy following a buyback deal with Yahoo. ALBCF.PK shares suspended from trading in Hong Kong.
Comment!
[Tech, Breaking News]
Thursday 11:03 AM Chinese sovereign wealth fund CIC is in "advanced talks" to buy up to a $2B stake in Alibaba (ALBCF.PK), Reuters reports. The e-commerce giant would use the funds to help buy back half of Yahoo's (YHOO) 40% stake in the company for $7.1B, per the terms of Sunday's deal. Alibaba, valued at $35B in the Yahoo deal and eying an IPO, posted 2011 revenue of $2.8B, nearly 2/3 of which came from its Taobao auction site.
Comment!
[Tech]
Monday 12:26 PM BGC upgrades Yahoo (YHOO +0.8%) to Buy after it finally concludes (I, II) its share-repurchase deal with Alibaba (ALBCF.PK). In addition to the deal, BGC is upbeat about Yahoo's new board, which includes Dan Loeb and 2 other Third Point nominees, arguing it will speed up decision-making, increase Yahoo's media focus, and reduce the likelihood of dilutive acquisitions and questionable product forays.
Comment!
[Tech]
Monday 12:50 AM Alibaba agrees to repurchase a 20% stake in itself from Yahoo (YHOO) for ~$7.1B. Yahoo will receive at least $6.3B in cash and up to $800M in newly-issued Alibaba preferred stock. At the time of an IPO, Alibaba will be required to ultimately buy back 25% of Yahoo's current stake, or let Yahoo sell those shares in the offering. Alibaba will make an upfront royalty payment of $550M and continuing royalty payments for up to four years. (PR) (previously)
Comment!
[Tech, Top Stories]
Sunday 8:44 PM Kara Swisher (who else?) reports Yahoo's (YHOO) board - Dan Loeb included - has approved a taxable deal to sell half its 40% stake in Alibaba (ALBCF.PK) for $7B. Post-tax, Yahoo will net ~$4B, which it will use to buy back its own shares. Swisher adds "medium-term incentives" have been given to Alibaba to float an IPO, including the right to buy back half of Yahoo's remaining 20% stake. (previous)
Comment!
[Tech]
Saturday 3:38 PM Yahoo (YHOO) will announce its rumored deal to sell part of its Alibaba (ALBCF.PK) stake back to the company tomorrow, reports Bloomberg's Serena Saitto. She adds the deal will pave the way for an Alibaba IPO within 18 months - that might please Dan Loeb.
2 Comments
[Tech]