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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 Alipay’s 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 Company’s 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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July 21, 2015
15:02 EDTYHOONotable companies reporting after market close
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14:25 EDTYHOOYahoo July weekly 39.50 straddle priced for 4.7% movement into Q2
12:59 EDTYHOO, BABAEarnings Watch: Tax questions linger into Yahoo Q2 report
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09:56 EDTYHOOSalesforce rallies amid renewed speculation of Microsoft deal
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09:42 EDTBABAAlibaba names Gao Xiaosong to run music unit
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06:38 EDTYHOOYahoo volatility increases into Q2 and outlook
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06:07 EDTYHOOONUG: Yahoo hires VP of global network from Symantec
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05:50 EDTYHOOYahoo could drop below $38 on negative tax announcement, says Piper Jaffray
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July 20, 2015
12:20 EDTYHOOYahoo July weekly volatility increases into Q2 and outlook
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09:34 EDTBABAActive equity options trading on open
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06:59 EDTBABA, YHOOYahoo says taxes could 'materially reduce' Aabaco cash for distributions
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05:17 EDTBABAAlibaba, Unilever sign strategic partnership agreement
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July 19, 2015
18:52 EDTYHOOYahoo experiments with 'texting plus video' messaging app, TechCrunch says
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17:47 EDTBABAAAFA calls on Alibaba's Jack Ma to implement anti-counterfeiting measures
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July 17, 2015
17:00 EDTBABA, YHOOYahoo expects Alibaba spin-off completed in Q4
Yahoo (YHOO) announced the initial filing with the SEC in connection with its previously announced plan to spin off the company's remaining holdings in Alibaba Group Holding Limited (BABA) into a newly formed independent, publicly traded, registered investment company. The name selected for the new public company is Aabaco Holdings. Under the spin-off plan, announced on January 27, Yahoo plans to distribute all of the outstanding shares of Aabaco Holdings pro rata to its shareholders. Immediately after the spin-off, Aabaco Holdings will own approximately 384M shares of Alibaba Group, representing an ownership interest of approximately 15% in Alibaba Group, and a 100% ownership interest in a newly formed entity which will own Yahoo Small Business. The initial filing provides important information about the spin-off and Aabaco Holdings. Additional and updated information will be provided in subsequent amendments to the Form N-2. The spin-off is expected to be completed in Q4, subject to final approval by Yahoo's board and the satisfaction or waiver by Yahoo of certain other conditions.
16:01 EDTBABAOptions Update; July 17, 2015
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07:57 EDTBABAAlibaba volatility at low end of range
Alibaba July weekly call option implied volatility is at 23, August is at 32, September is at 27; compared to its 52-week range of 22 to 49 suggesting decreasing price movement.
July 16, 2015
17:56 EDTYHOOGoogle CBO says 'looking forward' to working with Yahoo
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16:00 EDTBABAOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
11:01 EDTYHOOYahoo announces Mobile Developer Conference in NYC on August 26
Yahoo! announced that the Yahoo Mobile Developer Conference is headed to the East Coast on August 26 at the Marriott Marquis in New York City. At the New York City Mobile Developer Conference, Yahoo will unveil updates to its Yahoo Mobile Developer Suite.
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