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Yahoo! Inc. Message Board

  • oracleofny oracleofny Oct 19, 2013 1:36 PM Flag

    Yahoo+25% of Alibaba=$$$for shareholders:

    From Merrill Research:
    "...With respect to Yahoo’s ownership in Alibaba Group, the
    company’s liquidity plan has successfully begun. Alibaba
    Group bought back half of Yahoo’s interest, freeing up
    sufficient capital for Yahoo to return $1.5 billion to
    shareholders through a stock repurchase program. The
    company plans to repurchase an additional $1.5 billion in
    2013 as well. Furthermore, we are encouraged that there
    are additional measures in place to monetize the
    remaining ownership interest in Alibaba Group over the
    next several years."...

    Sentiment: Strong Buy

36.76+1.17(+3.29%)May 26 4:00 PMEDT