It seems that Facebook
doesn’t get all of this week's press when it comes to major tech companies and deals
that go for billion-dollar figures. At least not as long as Yahoo and Alibaba have something to say about it.
tying up some loose ends with Alibaba, in which the company has owned a 40-percent
stake for some time.
Alibaba will be buying back half of Yahoo’s stake in
the company, and it’s going to cost them $7.1 billion. Yahoo is going
to receive $6.3 billion in cash and as much as $800 million in preferred stock. The company initially bought the 40-percent stake for $1 billion in 2005.
This deal values Alibaba somewhere between $30 and $35
billion, meaning an IPO could also be somewhere in the not-too-distant future
for the Chinese e-commerce company.