- CORONAVIRUS NEWS: "Flare-ups are to be expected as countries start to lift restrictions." - WHO DG
- CORONAVIRUS NEWS: The number of flights into Las Vegas to keep increasing over the Summer months
- CORONAVIRUS NEWS: Ford offers customers option to return vehicles in case they lose their jobs within the first year
- CORONAVIRUS NEWS: Find daily news, feature stories, quotes and advice related to the outbreak of Covid-19
Alibaba Closes US$7.6 Billion Share Repurchase and Restructuring of Yahoo! Relationship
Release Date: 18 September 2012
Alibaba Group Holding Limited, China's largest e-commerce company, announced it has completed the initial repurchase of shares from Yahoo! and restructured its relationship with the Silicon Valley company in transactions valued at approximately US$7.6 billion. The closing follows the May 20, 2012 announcement by Alibaba Group and Yahoo! of a comprehensive plan for Yahoo! to reduce its stake in Alibaba Group in stages over time and a series of agreements to implement the restructuring of the ongoing relationship between the two companies.
01 Jul 2020