Recent

% | $
Quotes you view appear here for quick access.

Yahoo! Inc. (YHOO) Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • kittycrazy21 kittycrazy21 Feb 8, 2012 9:39 PM Flag

    YHOO: Alibaba.com shares suspended - HKEx

    This is very interesting. Just hope the "price sensitive" nature of this announcement isn't going to roll the wrong way for Yahoo!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Alibaba.com Ltd. (1688), a unit of China’s biggest e-commerce company, suspended trading of its shares in Hong Kong pending a statement to clarify speculation about a transaction involving its parent company.

      The statement about the parent may be “potentially price sensitive,” Alibaba.com said in a filing to the Hong Kong stock exchange today, without elaborating. Alibaba Group Holding Ltd. owns more than 70 percent of Hong Kong-listed Alibaba.com.

      Alibaba.com rose 5.5 percent yesterday, the biggest gain since Nov. 22. Julie Huang, a Hong Kong-based spokeswoman for the company, declined to comment today.

      Parent Alibaba Group wants to finalize terms of a loan of about $3 billion by the end of this week, a person familiar with the matter said. Alibaba Group is borrowing for a potential buyback of shares held by U.S. investor Yahoo! Inc. (YHOO), the person said.

    • Too early for deal to be announced. Guessing Alibaba loan got approved, which is the first step. Yahoo will do well tomorrow if that is the case.

 
YHOO
39.30+0.01(+0.03%)11:40 AMEDT