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Weibo Corp (ADR) Up 14% On Heavy Volume Amid Rumored Alibaba Deal
Thursday, September 11, 2014 - 3:46pm | 172Read More...Weibo Corp (ADR) (NASDAQ: WB) gained more than 14 percent in heavy trading Thursday on a rumor the company could be acquired by Alibaba Holdings Corp. Alibaba has an 18 percent stake in Weibo, sometimes seen as China's answer to Twitter, and has a market capitalization of $4.72 billion....
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Bernstein Says Yahoo! Inc. Likely To Extend Gains On Alibaba IPO
Monday, September 8, 2014 - 11:41am | 169Read More...Yahoo! Inc. (NASDAQ: YHOO) shares are likely to continue an upward tick over the next few days or weeks on expectation of gains from its holdings in Alibaba Group Holding, an analyst said Monday. Yahoo traded up 2.6 percent in Monday's morning session. Yahoo holds a 23 percent stake in...
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Alibaba Group Values IPO At Up To $162.7 Billion
Friday, September 5, 2014 - 4:20pm | 170Read More...Alibaba Group Holding Ltd. priced its initial public offering at up to $66 per share, valuing itself at up to $162.7 billion. In a filing Friday with the Securities and Exchange Commission, the company said it will sell 368.1 million shares. Selling shareholders besides the company include...
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Alibaba To Launch IPO Road Show September 15
Friday, September 5, 2014 - 1:21pm | 115Read More...Alibaba Group will launch the so-called road show for its expected initial public offering in New York on Monday, according to media reports. About 100 meetings with investors are expected over a period of 10 days, followed by a launch of the offering September 19, according to The New York...
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Alibaba To List Shares On NYSE
Thursday, June 26, 2014 - 1:48pm | 103Read More...The eagerly-awaited initial public offering of Alibaba Group will have its shares listed on the New York Stock Exchange. Both the NYSE and NASDAQ actively sought the listing since the middle of last year, according to earlier reports. Alibaba's estimated value of $168 billion would make...
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#PreMarket Primer: Thursday, May 8: Yellen Says Economy On The Upswing, But Housing Markets Still A Concern
Thursday, May 8, 2014 - 6:42am | 1284Read More...In her testimony before Congress’ Joint Economic Committee, Federal Reserve Bank Chair Janet Yellen took a reassuring tone and said that the US economy was back on track after a harsh winter. Yellen said the bank has seen business activity improve following the nation’s first quarter figures,...
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For Retail Gains, Go East, Young Investor!
Friday, April 4, 2014 - 10:27am | 544Read More...The most recent Fortune magazine has a great article on the collapse of JC Penney (NYSE: JCP). Along these lines, many have been written about the decline of SearsHolding (NASDAQ: SHLD), too. While Amazon (NASDAQ: AMZN) has certainly done damage, there has been a shift in consumer growth:...
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Shares of SINA Rally on Reports of Alibaba Investment
Monday, November 19, 2012 - 11:50am | 234Read More...Shares of SINA (NASDAQ: SINA) jumped on Monday, rallying nearly twelve percent. According to China Business News, Alibaba Group -- the Chinese Internet conglomerate -- will invest $3 billion in SINA's Weibo microblogging platform. Many U.S.-based investors may be familiar with Alibaba due to its...
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Alibaba Buys Back Half of Yahoo! Stake
Tuesday, September 18, 2012 - 3:03pm | 237Read More...On Tuesday, China's Alibaba Group said that it had bought back around half of the stake that U.S. internet company Yahoo! (NASDAQ: YHOO) owns in the firm, paying about $7.6 billion. According to Reuters, the deal was completed with the funding support of eight international banks, including...
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Yahoo to Sell Back Stake in Alibaba
Monday, May 21, 2012 - 11:23am | 433Read More...It was revealed on Monday that Yahoo (NASDAQ: YHOO) has reached a deal with China's Alibaba to sell back its 40% stake back to the Hangzhou-based internet company for $7.1 billion. Yahoo will be delighted to see some hard cash in its accounts after suffering through a particularly difficult few...
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Dan Loeb's Case For Owning Yahoo!
Wednesday, March 14, 2012 - 5:05pm | 1070Read More...In a recently released letter to investors in his mega-successful hedge fund, Third Point, Dan Loeb elaborated on his bullish thesis for Yahoo! Inc. (NASDAQ: YHOO) shares. In September, Loeb and Third Point publicly announced that it had accumulated 5.2% of the company, and in typical Loeb fashion...
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Jefferies Reiterates Buy on Yahoo as Sale Gets Closer
Thursday, December 1, 2011 - 9:18am | 113Read More...Jefferies maintains its Buy on Yahoo! Inc. (NASDAQ: YHOO) as the company fields several acquisition offers. Jefferies says, “A group of investors led by PE shop Silver Lake reportedly offered to buy a minority stake in Yahoo! Inc. for about ~$16.60 a share, equal to a 15% voting stake (~$3.1...
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Can Dan Loeb Agitate Yahoo?
Thursday, September 8, 2011 - 1:30pm | 913Read More...News hit the wires a little bit ago that activist investor Dan Loeb has a 5.15% stake in Yahoo! (NASDAQ: YHOO), just a day after the company botched the firing of former CEO Carol Bartz. You can find a copy of the letter in its entirety on the SEC's website. Third Point LLC is now Yahoo's third...
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Yahoo! Stumbles with Asain Assets
Monday, May 16, 2011 - 12:19pm | 271Read More...It wasn't long ago that Yahoo! (NASDAQ: YHOO) CEO Carol Bartz noted on an earnings conference call that she would have some news for investors regarding the Asian assets that the company had long held on its balance sheet. Management gave the impression that a monetization of these assets, which...
