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Technology

Yahoo In Plans To Sell 15-25 percent of Alibaba, report says

Yahoo In Plans To Sell 15-25 percent of Alibaba, report says

Here is the latest report that Yahoo has decided to sell about 15-25 percent of Alibaba according to Reuters, they have claimed that “Yahoo Inc could be weeks away from selling 15 to 25 percent of Alibaba Group’s stock back to China’s largest e-commerce company, in a deal designed to eliminate complexities that had scuttled the parties’ previous negotiations, a person familiar with the matter said.”

But still this report is not exact, a spokesperson said on this report “x”The overall complexity of this deal is much simpler. There’s no IRS risk, there’s no complications with regards to the identification of assets,”

But on Yahoo and Alibaba Group still declining to give any comment on this report, here is some statement from Reuters that can well defined this report:

Yahoo acknowledged that it was in talks with Alibaba, during its first-quarter earnings conference call with analysts last month. During the call, Thompson said the two companies were working on a “simplified” transaction to “monetize” a portion of Yahoo’s stake in Alibaba.

To fund the deal, Alibaba would raise capital. The valuation that Alibaba receives in the fund-raising will determine how much Yahoo earns in the transaction, the source said.

In September, Alibaba was valued at $32 billion when Silver Lake and other firms invested in the company, according to media reports at the time. At that valuation, Yahoo could make $4.8 billion to $8 billion by selling 15 to 25 percent of Alibaba.

“Of all the previous ones we’ve worked on, this one feels like it might actually have a chance of getting done. Or at least it did until a day and a half ago,” the person said, referring to the controversy around Thompson’s resume.

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Avinash Saxena is a blogger addicted to blogging and passionate to blog about latest technology, products and services.

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