Posted by : Cyber Freak
Wednesday, 19 September 2012
Yahoo sold its stake in Alibaba for $7.6 billion, but will funnel most of the after-tax proceeds back to shareholders.
The search company’s after-tax take will be around $4.3 billion, $3.65 billion of which will be returned to Yahoo’s investors. However, it’s unclear whether the company will return the money in the form of buybacks or dividends. A buyback, in which Yahoo offers investors the option of selling back a portion of their shares at a premium, would boost Yahoo’s stock price.
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- Yahoo Raises $4.3 Billion From Alibaba Sale