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Stock Market & Financial Investment News

News Breaks
August 12, 2014
16:50 EDTBABA, YHOOAlibaba restructures arrangement with Small and Micro Financial Services Company
Alibaba disclosed the following in a regulatory filing: "On August 12 we entered into a share and asset purchase agreement, or the 2014 SAPA, and entered into or amended certain ancillary agreements including an amendment and restatement of the Alipay IPLA. Pursuant to these agreements, we restructured our relationships with Small and Micro Financial Services Company and its wholly-owned subsidiary Alipay, and terminated the 2011 framework agreement...We believe this restructuring will strengthen and benefit our company as well as better position us for future growth. Pursuant to the 2014 SAPA, we agreed to sell, subject to receipt of regulatory approvals and other customary closing conditions, certain equity interests and assets primarily relating to the SME loan business and related services, or the transferred business, to Small and Micro Financial Services Company for aggregate cash consideration of RMB3,219M, US$518M. In addition, we entered into software system use and service agreements with entities operating the SME loans business relating to the know-how and related intellectual property that we have agreed to sell together with the SME loan business and related services to Small and Micro Financial Services Company. In calendar years 2015 to 2017, we will receive an annual fee equal to 2.5% of the average daily book balance of the micro loans made by such entities. In calendar years 2018 to 2021, we will receive an annual fee equal to the amount paid for the calendar year 2017, or collectively the SME annual fee. In connection with the 2014 SAPA, we also entered into the amended Alipay IPLA, pursuant to which we will license certain intellectual property and provide certain software technology services related to Alipayís current operations and the SME loan business. Under the amended Alipay IPLA, we will receive royalty streams and a service fee, or collectively the profit share payments, which will be paid at least annually, amounting to the sum of an expense reimbursement plus 37.5% of the consolidated pre-tax income of Small and Micro Financial Services Company, subject to certain adjustments. In addition, if we acquire any equity interest in Small and Micro Financial Services Company, we will transfer an agreed portion of the underlying intellectual property to Small and Micro Financial Services Company at the time of such equity issuance. At the same time, the profit share payments will also be reduced in proportion to such equity issuances made to us. Pursuant to the terms of the 2014 SAPA, in the event of an initial public offering of Small and Micro Financial Services Company or Alipay at an implied equity value exceeding US$25B which results in gross proceeds of at least US$2B , or a qualified IPO, if our total ownership of equity interests in Small and Micro Financial Services Company has not reached 33%, we would be entitled at our election to receive a one-time payment equal to 37.5% of the equity value of Small and Micro Financial Services Company as determined immediately prior to such qualified IPO. There is no cap on the maximum value of such liquidity event payment. If we acquire equity interests in Small and Micro Financial Services Company in an aggregate amount less than 33%, the percentage of Small and Micro Financial Services Companyís equity value used to calculate such liquidity event payment will be adjusted proportionately."
News For BABA;YHOO From The Last 14 Days
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April 17, 2015
07:15 EDTYHOOYahoo search deal with Google could add $10/share, says Jefferies
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April 16, 2015
12:26 EDTYHOOYahoo announces four apps for Apple Watch
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12:18 EDTYHOO, BABAAlibaba reconsidering bid for Yahoo seems logical, AsianSweeper says
Alibaba (BABA) could bid to buy Yahoo (YHOO) and such a purchase "certainly seems like a logical choice," contends AsianSweeper, without indicating it has any sources saying that such a deal is being planned or considered. Reference Link
11:54 EDTYHOOYahoo gets more flexibility with new Microsoft agreement, says Cantor
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11:46 EDTBABAStocks with call strike movement; FB BABA
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09:05 EDTYHOOYahoo April weekly volatility elevated into Q1 and outlook
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09:01 EDTYHOOMicrosoft, Yahoo agree to amend search partnership
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09:00 EDTYHOOMicrosoft, Yahoo agree to amend search partnership
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06:05 EDTBABAAlibaba price target lowered to $97 from $110 at Brean Capital
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April 15, 2015
19:38 EDTYHOOYahoo to reveal new messaging app later this quarter, The Information says
Yahoo plans to unveil a messaging app later this quarter that features both live and pre-recorded video and text, reports The Information, citing two sources familiar with the product. The app will be Yahoo's first home-grown product under CEO Marissa Mayer, notes the report. Reference Link
11:25 EDTYHOOYahoo not in talks to buy Foursquare, Re/code reports
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10:54 EDTYHOORumor of Yahoo talks to buy FourSquare have 'no truth,' CNBC's Faber says
David Faber of CNBC said his contacts tell him that the rumor of Yahoo working on a deal to buy Foursquare has "no truth" to it. Faber noted an earlier report from TechCrunch that said Yahoo was said to be in talks to acquire Foursquare.
09:44 EDTBABARumor: Qihoo 360 strength attributed to takeover speculation
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09:34 EDTYHOOYahoo in talks to buy local search app maker Foursquare, TechCrunch says
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09:29 EDTYHOOYahoo in talks to acquire Foursquare, TechCrunch reports
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April 14, 2015
19:27 EDTBABAAlibaba announces integration of online pharmacy business into Alibaba Health
Alibaba Group Holding Limited (BABA) announced that it has reached a definitive agreement with Hong Kong Stock Exchange-listed Alibaba Health Information Technology Limited pursuant to which Alibaba Group will transfer the operations of its Tmall online pharmacy business to Alibaba Health in consideration for newly issued shares and convertible bonds of Alibaba Health. Alibaba Group currently owns an effective equity interest of approximately 38% in Alibaba Health, and upon completion of the transaction, Alibaba Groupís effective equity ownership of Alibaba Health will increase to approximately 53%, or approximately 54.6% assuming the full conversion of the convertible bonds upon maturity, and Alibaba Health will become a consolidated subsidiary of Alibaba Group. Alibaba Group expects the transaction to complete in Q3, subject to satisfaction of all closing conditions.
10:58 EDTBABAStocks with call strike movement; FB BABA
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06:34 EDTBABAAlibaba defends claims that it tolerates fake goods on Taobao, WSJ reports
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April 13, 2015
12:31 EDTBABAEtsy started with Neutral rating, $14 target ahead of IPO
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11:25 EDTYHOOStarboard CEO says Yahoo parts worth more than whole
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