|Bid||0.00 x 800|
|Ask||0.00 x 4000|
|Day's Range||73.15 - 74.28|
|52 Week Range||56.84 - 82.45|
|PE Ratio (TTM)||2.45|
|Earnings Date||Aug 15, 2018 - Aug 20, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||88.00|
Here are some things going on today in the world of tech: Shares of Amazon.com (AMZN) are up $5.90 to $1,748.97, after Morgan Stanley’s Brian Nowak reiterated an Overweight rating, and a $1,700 price target, writing that he can see the stock reaching as high as $2,600. Nowak is awed by Amazon’s scale: He expects the company to generate $25 billion worth of Earnings before interest and taxes, or Ebit, this year, “to invest at record levels." "Consider that (by our math) Amazon's advertising + AWS + Subscription EBIT this year ($24.5bn) will be ~17x greater than AMZN’s total EBIT in 2010." His point is that “over the long-term” the rise of the Amazon business keeps giving the company more and more ability to "invest and deliver higher profitability." Nowak’s estimates for the June quarter and the September quarter, for Ebit, are 14% and 47% higher than the Street, he points out, at $5.4 billion and $6.4 billion.
In an anticipated move, Japanese internet company Softbank Corp (OTCMKTS:SFTBY) recently announced that it will increase its stake in Yahoo Japan (OCTMKTS:YAHOF). The deal, which involves approximately $2 billion, and U.S. firm Altaba (NASDAQ:AABA), sets into motion Softbank’s Japanese e-commerce strategies. Altaba was once known by its more popular name Yahoo.
SoftBank Group is increasing its stake in Yahoo Japan through a $2 billion, three-way deal with U.S. firm Altaba to deepen ties with the internet heavyweight ahead of an IPO of its telecoms unit. The transaction, with just $9 million net investment by SoftBank, allows it to boost ownership of Yahoo Japan without pressuring its already strained balance sheet. It also leaves SoftBank's domestic telecoms unit with a 12 percent stake in Yahoo Japan, highlighting for investors the two companies' ties ahead of its planned listing.
SoftBank Group (9984.T) is increasing its stake in Yahoo Japan through a $2 billion, three-way deal with U.S. firm Altaba (AABA.O) to deepen ties with the internet heavyweight ahead of an IPO of its telecoms unit. The transaction, with just $9 million net investment by SoftBank, allows it to boost ownership of Yahoo Japan without pressuring its already strained balance sheet. It also leaves SoftBank's domestic telecoms unit with a 12 percent stake in Yahoo Japan, highlighting for investors the two companies' ties ahead of its planned listing.
Investing.com – Asian markets were mixed in afternoon trade on Tuesday. As recent trade-related concerns seemed to have faded for now, traders' focus are likely to switch to economic data later this week. China’s data received some focus as the country’s producer price index topped forecasts in June and hit a six-month high.
TOKYO (AP) — Japanese internet company SoftBank Corp. is investing about $2 billion to raise its stake in Yahoo Japan through an acquisition from U.S. investment company Altaba Inc.
TOKYO (Reuters) - SoftBank Group Corp (9984.T) said on Tuesday that its unit SoftBank Corp would buy 221 billion yen ($2 billion) worth of shares in Yahoo Japan Corp , a 10.78 percent stake, held by U.S. ...
SoftBank Group Corp (9984.T) said on Tuesday that its unit SoftBank Corp would buy 221 billion yen ($2 billion) worth of shares in Yahoo Japan Corp , a 10.78 percent stake, held by U.S. investment firm Altaba Inc (AABA.O). SoftBank will buy the shares via a tender offer at 360 yen per share, equivalent to Monday's close. Altaba, SoftBank and Yahoo Japan agree to the deal, the companies said in separate statements.
Altaba Inc. (“Altaba” or the “Fund”) (AABA) announced that it has entered into a definitive agreement with SoftBank Corp., which is currently a wholly-owned subsidiary of SoftBank Group Corp., to sell up to 613,888,888 shares of Yahoo Japan Corporation common stock that it currently holds to SoftBank Corp. for JPY 360 (approximately US$ 3.26) per share in cash. The price is the closing price of Yahoo Japan common stock as quoted on the Tokyo Stock Exchange on July 9, 2018, Tokyo time, the last quoted price prior to this announcement. In order to comply with Japanese legal requirements, the transaction is being structured as a tender offer by SoftBank Corp. pursuant to which SoftBank Corp. will tender for 613,888,888 Yahoo Japan shares, or the equivalent of US$ 2 billion at the tender offer price.
U.S. stock futures are rallying this morning, led by automakers. The U.S. has reportedly offered the E.U. a deal to drop auto import tariffs if the E.U. eliminates duties on U.S. cars. However, the U.S. is still planning on levying $34 billion in tariffs on Chinese products this Friday. Beijing is expected to implement its own retaliatory tariffs the same day.
Nearly a month after Altaba offered to buy shares from investors, less than 1% of target amount has been tenderedMarketWatch photo illustration/iStockphotoAfter Yahoo was sold to Verizon, Altaba continues to lurch forward with the former company’s other assets. Nearly a month after Altaba Inc. launched a plan to buy back its shares in exchange for Alibaba stock, hardly any investors have jumped at the chance to unload their stakes in the remnants of Yahoo. Altaba (AABA) announced on June 7 that it would offer to buy back nearly a quarter of its outstanding shares for a slight premium to where the underlying assets were trading, with the deal expiring on July 11.
Altaba Inc. (“Altaba” or the “Fund”) (AABA) announced today the extension of its previously announced tender offer to purchase up to 195,000,000 issued and outstanding shares of its common stock, at a purchase price per share equal to (A) 0.35 American Depositary Shares (“Alibaba ADSs”) of Alibaba Group Holding Limited (“Alibaba”) and (B) an amount in cash equal to the Alibaba VWAP (as defined below) multiplied by 0.05, less applicable withholding taxes and without interest, until August 8, 2018 at 5:00 p.m., New York City time, unless the tender offer is further extended or withdrawn by the Fund. The tender offer was previously scheduled to expire on July 11, 2018 at 11:59 p.m., New York City time.
In a hacking technique known as credential stuffing, cybercriminals plug lists of stolen user names and passwords into automated tools, and then use those tools to try to sign on to sites where users might have set up the same credentials. Attackers on average take over 0.1% to 2% of the accounts they seek with this method, which costs the banking and retail industries millions of dollars per day, according to research from cybersecurity vendor Shape Security. Banks, retailers and other companies now are introducing different forms of authentication, in part because more than 2.3 billion credentials were leaked in reported data breaches in 2017 and 3.3 billion in 2016, according to Shape Security.
Naspers plans to deploy its $8.2 billion war chest to step up growth in its e-commerce ventures, its chief executive said on Friday, part of a push to cut the company's dependence on its Chinese money spinner Tencent. Founded more than 100 years ago in Stellenbosch, South Africa, Naspers has transformed itself from a newspaper publisher into Africa's biggest company, a $104 billion behemoth with private equity-style investments in e-commerce platforms such as auction sites, classified and online retail. Naspers owes its hefty valuation to a 31 percent stake in Tencent, which is worth $149 billion, or roughly 40 percent more than Naspers.
LONDON, UK / ACCESSWIRE / June 20, 2018 / If you want a free Stock Review on AABA sign up now at www.wallstequities.com/registration. On Tuesday, June 19, 2018, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged lower at the closing bell. Six out of nine sectors ended Tuesday's trading session in bearish territories.
Altaba Inc (NASDAQ:AABA) is trading with a trailing P/E of 3x, which is lower than the industry average of 32.3x. Although some investors may jump to the conclusion that thisRead More...
UK Services Ltd. £250,000 for its data security practices, Reuters reported. Yahoo said in 2016 that more than 500 million accounts had been hacked two years earlier. An ICO investigation into the matter determined Yahoo U.K. Services had failed to take the necessary steps to protect data before that incident, Reuters said.
The closed-end investment firm lives and dies by its largest investment, Chinese e-commerce titan Alibaba. Both of the "abas" had a really nice May this year.
Altaba (AABA), the former Yahoo!, remains a good proxy for investors seeking exposure to Alibaba Group Holding (BABA). The reason: Altaba owns a 15% stake in the Chinese e-commerce juggernaut worth around $79 billion, which accounts for more than 85% of Altaba’s net assets. Altaba shares have risen 44% in the past year to $80.55, matching the percentage gain in Alibaba, whose shares traded Friday at $205.07.
A big seller of Alibaba shares has emerged. Altaba—essentially what remains of Yahoo after it sold its web-portal business to Verizon last year—plans to buy back nearly a quarter of its own shares, using part of its 15% stake in Alibaba as currency. It will sell around 30 million Alibaba shares to pay the tax bill on this transaction, using a small part of the proceeds in the buyback.
On June 7, 2018, Altaba Inc. (the “Fund”) commenced a tender offer to purchase up to 195,000,000 (approximately 24%) of the Fund’s issued and outstanding shares of its common stock, par value $0.001 per share (the “Shares”), that are properly tendered in the Offer (as defined below) and not properly withdrawn. For each Share accepted in the Offer, stockholders will receive: (i) 0.35 American Depositary Shares (“Alibaba ADSs”) of Alibaba Group Holding Limited, a Cayman Islands company (“Alibaba”), which are held by the Fund in its investment portfolio, less any Alibaba ADSs withheld to satisfy applicable withholding taxes and subject to adjustment for fractional Alibaba ADSs (the “ADS Portion”), and (ii) an amount in cash equal to the Alibaba VWAP (as defined below) multiplied by 0.05 ….
Shares of Altaba Inc. fell Thursday, reversing earlier gains that had them heading to an 18-year high, after the company formerly known as Yahoo said it has commenced a tender offer to buy up to 195 million of its outstanding shares. As Altaba’s tender offer includes the sale of nearly 100 million Alibaba Group Holding Ltd.’s(BABA) shares, Alibaba’s stock slumped 2.3%, dragging Altaba’s stock lower. Altaba was Yahoo until the sale of Yahoo’s operating business to Verizon Communications Inc.last year, and is now a closed-end management investment company managing its large stake—nearly 15%—in China-based e-commerce giant Alibaba.