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Stock Market & Financial Investment News

News Breaks
August 12, 2014
16:50 EDTYHOO, BABAAlibaba 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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November 19, 2014
09:38 EDTYHOO, BABACCS Insight predicts Netflix to be acquired next year, FT reports
CCS Insight, a U.K.-based technology research firm, is predicting that a major internet player such as Yahoo (YHOO), Alibaba (BABA) or Google (GOOG) will buy Netflix (NFLX) next year, reported Financial Times. Reference Link
November 18, 2014
10:29 EDTYHOOOptions with increasing implied volatility: YHOO PSEC
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08:37 EDTBABAeBay increasingly threatened by Alibaba, says Bernstein
After conducting research in China, Bernstein believes that Alibaba's (BABA) international expansion poses an increasing competitive threat to eBay (EBAY) Marketplaces. The firm says that 25% of eBay's gross merchandise volume is generated outside of the U.S., and it believes a significant amount of that comes from China. Bernstein believes it is possible but not likely that Alibaba will buy eBay Marketplaces after its spin off. The firm keeps a $60 price target and Outperform rating on eBay.
08:25 EDTYHOOYahoo price target raised to $60 from $50 at Bernstein
Bernstein increased its price target on Yahoo (YHOO) after raising its estimate of Alibaba's valuation to $350B. Bernstein keeps a Market Perform rating on Yahoo.
November 17, 2014
16:00 EDTYHOOOptions Update; November 17, 2014
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11:44 EDTYHOOStocks with call strike movement; YHOO NFX
Yahoo (YHOO) February 60 call option implied volatility increased 4% to 39, Newfield Exploration (NFX) March 38 call option implied volatility increased 9% to 40 according to IVolatility.
09:36 EDTYHOOActive equity options trading
Active equity options trading according to Track Data: AAPL PBR BHI GILD MU HD AMZN TSLA YHOO FB TWTR
06:16 EDTBABA, YHOOInvestors wanting Alibaba should consider Yahoo, says Citigroup
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November 14, 2014
17:27 EDTBABAPaulson & Co. gives quarterly update on stakes
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17:13 EDTBABAAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
17:07 EDTYHOO, BABASoros Fund Management gives quarterly update on stakes
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16:58 EDTBABAThird Point gives quarterly update on stakes
NEW STAKES: Alibaba (BABA), eBay (EBAY), Bed Bath & Beyond (BBBY), Shire (SHPG), and Parker Hannifin (PH). INCREASED STAKES: Actavis (ACT), Amgen (AMGN), EQT (EQT), Sensata (ST), Coca-Cola Enterprises (CCE). DECREASED STAKES: Williams Cos (WMB), Ally Financial (ALLY), Cheniere Energy (LNG), YPF (YPF), and FedEx (FDX). LIQUIDATED STAKES: AIG (AIG), T-Mobile (TMUS), Rackspace (RAX), Hertz (HTZ), and Citrix Systems (CTXS).
16:26 EDTBABANasdaq clear leader as major averages end week higher
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13:03 EDTYHOO, BABAYahoo rises after analysts boost targets
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11:27 EDTBABAAkamai hits highs of day amid takeover speculation
The move higher in shares of Akamai (AKAM) is being attributed to takeover speculation. The suitor rumored to be interested is Alibaba (BABA). Shares of Akamai are at highs of the day, up 3% to $62.00.
10:26 EDTBABAAlibaba may be topping on a short-term basis, levels to watch
The $115 area has been support for the last several sessions. In context, those sessions now appear to show something of a topping pattern centered around that level. With the break below $115, a short-term top looks likely to be in progress. Next support below the current price of $114.37 is at $111.70 and then at $106.07. Resistance is at $115 and then $117.27.
09:38 EDTBABAJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
08:25 EDTYHOO, BABAYahoo price target raised to $61 from $49 at Oppenheimer
Oppenheimer increased its price target on Yahoo (YHOO) as the firm raised its valuation of Alibaba (BABA) to $324B from $275B. The firm keeps an Outperform rating on Yahoo.
08:21 EDTYHOOYahoo price target raised to $60 from $50 at FBR Capital
FBR Capital raised its price target for Yahoo (YHOO) shares to $60 to reflect Alibaba (BABA) stock appreciation. FBR says Yahoo offers a lower-cost play on Alibaba with the potential for improved core Yahoo performance. It keeps an Outperform rating on the stock.
06:03 EDTBABAAlibaba plans to raise up to $8B in bond offering, Bloomberg reports
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