http://www.websitemagazine.com/content/blogs/posts/archive/tags/movers+and+shakers/default.aspxTags: movers and shakersenCommunityServer 2008 SP2 (Build: 31104.93)http://www.websitemagazine.com/content/blogs/posts/archive/2012/05/22/alibaba-buys-itself-back-from-yahoo.aspxTue, 22 May 2012 11:00:00 GMT1e469e21-c924-44fa-a132-47b5d0a8ad47:19784Michael Garrity0http://www.websitemagazine.com/content/blogs/posts/rsscomments.aspx?PostID=19784http://www.websitemagazine.com/content/blogs/posts/archive/2012/05/22/alibaba-buys-itself-back-from-yahoo.aspx#comments<hr /> <p><img src="http://www.websitemagazine.com/images/blog/alibaba-mini.gif" style="float:left;margin:10px;" height="75" width="75" alt="" /><b>It seems that Facebook doesn&rsquo;t get all of this week&#39;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.</b></p> <p class="MsoNormal">Yahoo is tying up some loose ends with Alibaba, in which the company has owned a 40-percent stake for some time.</p> <p class="MsoNormal">Alibaba will be buying back half of Yahoo&rsquo;s stake in the company, and it&rsquo;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.</p> <p class="MsoNormal">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.</p> <div style="clear:both;"></div><img src="http://www.websitemagazine.com/content/aggbug.aspx?PostID=19784" width="1" height="1">yahooalibabastockmovers and shakers