Most Yahoo! investors – let alone the casual public – knew that Yahoo! was holding $838 million worth of preferred shares in Alibaba Group since last September when they loaned the money to Alibaba to help them buyback the first tranche of Yahoo!’s stake in Alibaba Group getting Alibaba on a path to an IPO that should come in the second half of this year.
These pref shares have now been paid back to Yahoo! from Alibaba, per Goldman’s comments this morning. That’s in addition to the $5.6 billion in cash Yahoo! already had on its balance sheet.