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Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion

Discussion in 'Black Hat SEO' started by go4eto, May 22, 2012.

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  1. go4eto

    go4eto Junior Member

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    Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion in a deal that moves the Chinese e-commerce leader closer to a public listing.

    Read more at: http://www.vancouversun (dot )com/business/Alibaba+spend+billion+buying+Yahoo+from+Chinese+Internet+giant/6654651/story.html
     
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  2. LakeForest

    LakeForest Supreme Member

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    Wow. GOOD read!

    Facebook goes IPO, now Alibaba wants to try.

    Yahoo's stock will go up having all that extra cash on hand, and if they make a decision to downsize headcount, it'll definitely be time to buy.

    Here's to hoping that Yahoo doesn't squander this opportunity and rebuilds its search engine.

    Here's to hoping that Alibaba, having more home-grown control of its operations freed from some foreign influence, will legitimize itself into a quality and trustworthy B2B market.