Yahoo to sell back half of its Alibaba stake for $7.1 billion, more in the latter's future IPO

Yahoo to sell back half of its Alibaba stake for $7.1 billion, more in the latter's future IPO

It's been a bit of a sour year for Yahoo -- it's seen the departure of one of its founding fathers, suffered through a patent dispute with Facebook and lost its new CEO in a sea of scandalous accusations. Yikes. At least former head honcho Scott Thompson's negotiations to sell the firm's stake in Alibaba seem to be going through -- the two firms just announced plans to redistribute about half of Yahoo's 40-percent stake in said Chinese tech giant. Under the current agreement, Alibaba will purchase 20-percent of its fully diluted shares back from the Silicon Valley company, netting Yahoo $7.1 billion in compensation. Yahoo will also be permitted to sell an additional 10-percent of its stake in a future IPO, or else require Alibaba to purchase it back at the IPO price.

Despite Yahoo's stake changing hands, the companies will still be working together -- Yahoo has cleared Alibaba to continue to operate Yahoo! China (which was acquired by the latter back in October 2005) under the Yahoo! brand for up to four years -- in exchange for royalty payments, of course. Finally, Alibaba will license various patents to Yahoo moving forward. What's next? Well, Alibaba CEO Jack Ma did let it slip at AsiaD that he's considered buying Yahoo as a whole, and repurchasing the firm's assets in Asia could be a step in that direction. Read on for the official press release in all its financial glory.

Continue reading Yahoo to sell back half of its Alibaba stake for $7.1 billion, more in the latter's future IPO

Yahoo to sell back half of its Alibaba stake for $7.1 billion, more in the latter's future IPO originally appeared on Engadget on Mon, 21 May 2012 00:01:00 EDT. Please see our terms for use of feeds.

Permalink   |   | Email this | Comments

Source: http://www.engadget.com/2012/05/21/yahoo-alibaba-stake/

SANDISK EMC EPICOR SOFTWARE MICRON TECHNOLOGY INTERSECTIONS DIODES INORATED INTERNATIONAL GAME TECHNOLOGY

G-PROJECT G-GO Portable Wireless Speaker Review

Most every phone, tablet, MP3 player, and computer these days have built-in speakers so you can hear audio without having to use headphones.  Most of those built-in speakers are woefully inadequate for anything but listening while you’re within a couple of feet of your device.  There are a plethora of external speakers available to boost [...]

Source: http://the-gadgeteer.com/2012/05/17/g-project-g-go-portable-wireless-speaker/

EMC EPICOR SOFTWARE MICRON TECHNOLOGY INTERSECTIONS DIODES INORATED INTERNATIONAL GAME TECHNOLOGY ZIONS BAN

Find My Car Smarter for iPhone

If you have trouble finding where you parked, there’s an app – and a dongle – for that.  The Find My Car Smarter device and an iPhone app (for iPhone 4S only) can mark where you parked your car and help you get back there.  The Find My Car Smarter Bluetooth Smart device ($25, or [...]

Source: http://the-gadgeteer.com/2012/05/16/find-my-car-smarter-for-iphone/

JDA SOFTWARE GROUP OPENWAVE SYSTEMS EASTMAN KODAK CO VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES ORACLE ZORAN XILINX

Untethered iOS 5.1.1 jailbreak to arrive in a matter of days, will even support the new iPad

The untethered iOS 5.1.1 jailbreak should be released in just a matter of days according to a tweet by pod2g. Many people have been eagerly awaiting an untethered jailbreak for the latest version of iOS 5.1.1. It has taken a while for it to even look possible never mind become available.

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/nxYl6i1LShI/story01.htm

EMC EPICOR SOFTWARE MICRON TECHNOLOGY INTERSECTIONS DIODES INORATED INTERNATIONAL GAME TECHNOLOGY ZIONS BAN

LG Lucid – Verizon’s Entry Level 4G Smartphone with Higher End Features

If you’ve been thinking of stepping up from your feature phone to a Android smartphone on Verizon’s 4G network, you currently have 4 sub $100 phones to choose from. There’s the Samsung Stratosphere for $99.99, LG Lucid for $79.99, Pantech Breakout for $29.99 and Droid Charge for Free. Why should you consider paying $79.99 for the [...]

Source: http://the-gadgeteer.com/2012/05/17/lg-lucid-verizons-entry-level-4g-smartphone-with-higher-end-features/

MCAFEE MICROSEMI UNISYS TAKETWO INTERACTIVE SOFTWARE SYKES ENTERPRISES INORATED IOMEGA LAM RESEARCH

Steve Jobs rumored to have worked closely on iPhone 5 redesign

According to the latest rumor, Apple's co-founder, Steve Jobs, worked one the next generation iPhone 5 design prior to his passing last October. Bloomberg claims 3 sources familiar with the matter say there will be a redesign, 1 claims the redesign will involve a bigger screen, and 1 claims the redesign involved Steve Jobs.

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/JcEt8-L_ml4/story01.htm

HYPERCOM NATIONAL INSTRUMENTS MOODYS COGNIZANT TECH SOLUTIONS FIRST SOLAR AMPHENOL QUALCOMM

Backstage With The Disrupt NYC Hackathon Winners: Thingscription, PoachBase, & PractiKhan

tcdisrupt_web-001-5The speaker schedule for TechCrunch's Disrupt NYC conference has been set for a while now, but three brand new presenters were just added to the lineup: The winners announced earlier today at the finale of this past weekend's 24 hour Disrupt 2012 Hackathon, Thingscription, PoachBase, and PractiKhan. Since the winning apps were so seriously awesome -- and we have a very, very small sadistic bent (most of these people had not slept for at least 24 hours at this point, so a video interview with bright lights was especially fun) -- we pulled aside all three winning teams for interviews with TechCrunch TV backstage.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/hGzWW1zDkUA/

NUANCE COMMUNICATIONS HEARTLAND PAYMENT SYSTEMS MANTECH INTERNATIONAL L1 IDENTITY SOLUTIONS LOGITECH INTERNATIONAL INFOSYS TECHNOLOGIES RESEARCH IN MOTION

Reversing Logos with Different Brands Is So Confusing [Art]

We've seen reversed brand logos before but not to the extent of these brand reversals by Graham Smith. He takes the original logo, color and all, and swaps them out with a different brand name. What's crazy is that though sometimes you don't notice the difference, most of the times your brain gets so confused, you don't even know what you're looking at anymore. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/IvPPwNvFPbc/

VOLT INFORMATION SCIENCES IBASIS LIBERTY GLOBAL FACTSET RESEARCH SYSTEMS SONIC AUTOMOTIVE MENTOR GRAPHICS EMULEX

Insanely Detailed Lego Land Rover Even Includes Working Disc Brakes [Video]

If you needed yet another reminder that you're far from being a Lego master builder, check out 'Sheepo's' mind-blowingly awesome 1:8.4-scale Land Rover Defender 110 built from over 2,800 pieces. It could probably endure an off-road adventure better than your compact car. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/pBFnVbXB0KE/

NOVELLUS SYSTEMS SYNNEX QIMONDA LEVEL 3 COMMUNICATIONS INFOCUS KEY TRIDENT MICROSYSTEMS

HTC says some products have passed US Customs review

EVO 4G and One X

In a statement to the Taiwan Stock Exchange yesterday, HTC stated that "Some of our products have passed the review and have been delivered to our telecoms operators’ clients in the US".  Referring to the import ban set in play by the ITC after an unsuccessful legal battle with Apple, the HTC One X and upcoming HTC EVO 4G LTE were barred from entering the country. 

The statement made to the TWSE is certainly vague, and we not sure exactly how to interpret "some". I've shot off an email to HTC for clarification, and I imagine everyone else has as well, so we'll probably see a statement of some sort soon. In the meantime, some of you can rest easy knowing that some of your phones are on the way to the shelves.

Source: Taipei Times; via icebike

Source: http://feedproxy.google.com/~r/androidcentral/~3/L2H1uHe4Ze4/story01.htm

EMS TECHNOLOGIES AVNET TRANSACTION SYSTEMS ARCHITECTS HCL TECHNOLOGIES SPSS TOTAL SYSTEM SERVICES ELECTRONIC DATA SYSTEMS