I just learned that this is my Chinese exposure. I only tested one mutual fund more than ten years ago Pacific Far East or something like that. Big deal I thought. So I did not stay but this Yahoo interest in "ali baba" I might find useful + interesting and who knows maybe I will make money from the shares. I pay enough for them compared to the stock awards and grants. Gee, 10,000 to 1 I am losing to the executives from all the corporations. I am not complaining but it might be necessary for that to be numbered.
Actually, the status of Alibaba Group could be a deal breaker. YHOO of course will want top dollar because of the potential IPO, at the same time bidders will downplay it and say that the IPO is far from certain. Also, bidders will say the tax status of Alibaba sale are uncertain, so YHOO shouldn't be fully compensated for their 43% share.
Yahoo should Yahoo sell Alibaba Group for $14 billion Tax free if they possibly can. Yahoo should Yahoo sell Alibaba Group for $7 billion Tax free if they possibly can. Yahoo should Yahoo sell Alibaba Group for $3 billion Tax free if they possibly can. $3 billion being double what it’s worth now.
All the longs should hope they don't consider selling anything with the current board in place. As an earlier post mentioned, this current board of directors is a bunch of clowns with Jerry Yang being the biggest baffoon of all. It time for a takeover with some brains behind the operation, and I don't mean Ya, he is more than a bit shady.