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August 15, 2014
06:10 EDTBABAAlibaba's Pictures unit uncovers possible accounting issues, AP reports
In a statement to the Hong Kong stock exchange, Alibaba's Alibaba Pictures Group said its new management team has uncovered possible accounting irregularities, the Associated Press reports. The irregularities date to before Alibaba's purchase of the company in June. Reference Link
News For BABA From The Last 14 Days
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November 30, 2015
13:45 EDTBABASunTrust lays out potential CEO replacements if Yahoo moves on from Mayer
Shares of Yahoo (YHOO) have risen this afternoon after SunTrust analyst Robert Peck identified a number of CEO candidates that could potentially step in if current Chief Executive Marissa Mayer were to depart. IF NOT MARISSA, THEN WHO: As questions build regarding the stability of management at Yahoo, a focused and efficient CEO changeover process could be well received by investors, while a drawn out process that lasts months "wouldn't be ideal," SunTrust analyst Robert Peck said in a research note Monday. Though there have certainly been no confirmed reports of Yahoo chief Marissa Mayer departing, the company has seen a marked "brain drain" in recent months. Meanwhile, a November 19 letter from activist fund and Yahoo shareholder Starboard criticized the company's plan to spin off its Alibaba (BABA) holdings, saying it should instead explore a sale of its core Search and Display businesses in order to better recruit talent to those divisions, whose stock performance would no longer be tied to that of a public company outside its control. Today, Robert Peck noted that, after discussions with industry figures regarding the potential for a new Chief Executive at Yahoo, his top 10 CEO candidates include, in no particular order, former Yahoo CEO Ross Levinsohn, Chegg's (CHGG) Dan Rosensweig, Facebook's (FB) Sheryl Sandberg, CBS Interactive's Jim Lanzone, David Rosenblatt, Google's (GOOG) Margo Georgiadis, YouTube's Susan Wojiki, General Electric's (GE) Beth Comstock, NBCUniversal's (CMCSA) Linda Yaccarino, and former Hulu CEO Jason Killar. Peck stressed, however, that he is "unclear" what the company might do, and his candidate list was compiled simply to address ongoing investor questions. Peck also commented that he believes the proposed Alibaba spinoff retains only a "small risk" of incurring a significant tax bill for Yahoo, but he could still envision the company pausing its current plan and pursuing a safer process. The analyst maintained a Buy rating and $40 price target on Yahoo, citing his sum of the parts analysis. PRICE ACTION: Shares of Yahoo are up roughly 0.7% to $33.16 in afternoon trading.
08:53 EDTBABASunTrust's Peck lists 10 potential CEO candidates for Yahoo
Several media reports have discussed the health of Yahoo's (YHOO) core business and stability of senior management, in particular CEO Marissa Mayer, SunTrust analyst Robert Peck tells investors today in a research note. Amid investor questions, the analyst scored a list of around 40 potential CEO candidate suggestions. The top 10 most cited, in no particular order, were Ross Levinsohn, Chegg's (CHGG) Dan Rosensweig, Facebook's (FB) Sheryl Sandberg, CBS Interactive's Jim Lanzone, David Rosenblatt, Margo Georgiadis, YouTube's (GOOG) Susan Wojiki, General Electric's (GE) Beth Comstock, NBCUniversal's Linda Yaccarino and Jason Killar. Peck points out that he's unclear what the board might do regarding a potential CEO change. He keeps a Buy rating on Yahoo with a $40 price target citing the "overwhelming likelihood" that the company's Alibaba (BABA) stake spin-off is treated as tax-free.
November 29, 2015
19:55 EDTBABAAlibaba in talks to acquire SCMP media assets, Reuters says
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November 27, 2015
14:09 EDTBABAOptions Update; November 27, 2015
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09:36 EDTBABAActive equity options trading on open
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07:15 EDTBABAAlibaba's Taobao to spin off second-hand goods trading platform, Marbridge says
Alibaba subsidiary Taobao will reportedly spin off Xianyu, its online second-hand C2C trading platform, into a separate business unit and seek outside investment in the unit, said Marbridge Daily, citinig a report in Tencent Tech. Reference Link
November 24, 2015
16:00 EDTBABAOptions Update; November 24, 2015
iPath S&P 500 VIX Short-Term Futures up 13c to 19.04, Option volume leaders: AAPL FB NFLX BAC PFE AMZN CHK TWTR GE SUNE DE AGN AAL MSFT INTC X BABA A
05:48 EDTBABAAlibaba shopping stake in Meituan-Dianping, WSJ reports
Alibaba (BABA) is in talks to sell a stake in Meituan-Dianping, an online booking and discounts platform in China, as part of a plan to focus on an alternative platform of its own, The Wall Street Journal reports. According to sources, Alibaba is shopping its roughly 7% stake in the company, worth about $1B, in a move to focus on the Koubei platform that it launched last June with its financial affiliate. Rival Chinese Internet company Tencent (TCEHY) is said to be planning a $1B investment in Meituan-Dianping, the publication also notes. Reference Link
05:43 EDTBABAApple to launch Apple Pay in China by February, WSJ reports
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November 23, 2015
07:23 EDTBABAAlibaba rumored to invest $1.5B in food delivery platform, Marbridge Daily says
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06:07 EDTBABAAlibaba's Ma in talks to purchase SCMP interest, Bloomberg reports
Alibaba founder Jack Ma is in discussions to purchase a stake in Hong Kong's South China Morning Post, Bloomberg reports, citing people familiar with the matter. A deal would make Ma the most recent internet tycoon to pursue the revival of a newspaper, the report says. Reference Link
November 22, 2015
20:01 EDTBABAAlibaba looking to sell stake in Meituan-Dianping, WSJ says
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November 20, 2015
16:02 EDTBABAOptions Update; November 20, 2015
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10:04 EDTBABAActive equity options trading on open
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08:34 EDTBABABorderfree to bring more products to online shoppers in China
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November 19, 2015
09:34 EDTBABAActive equity options trading on open
Active equity options trading on open: AAPL CHK BAC FB PFE MU GMCR AMZN NFLX BBY BABA CRM QCOM
08:03 EDTBABAStarboard urges Yahoo to sell core businesses
In a letter delivered to Yahoo's Chairman, CEO And board, Starboard stresses that a proposed spin-off of Aabaco Holdings is not Yahoo's best alternative. It adds that a sales of Yahoo's core business would be the best risk-adjusted outcome for shareholders. In the letter, Starboard stated, "We have grown increasingly frustrated with your unwillingness to accept our help and your dismissive approach to our serious concerns about the current situation at Yahoo! Inc. ("Yahoo"). As you, the management team, and your advisors requested from us over a year ago, we have attempted to work with you privately and agreed not to pursue the nomination and election of directors at last year's annual meeting. Despite our numerous conversations and meetings, and notwithstanding your willingness to provide us an audience, you have been reluctant to respond or adapt to the realities of the current environment. The current situation that Yahoo faces is so important that we now feel it is necessary to communicate with management and the Board of Directors in a manner such that our message is not only as explicit as possible for you, but also for our fellow Yahoo shareholders. The proposed spin-off of Aabaco Holdings is not Yahoo's best alternative. Instead, you should be exploring a sale of Yahoo's core Search and Display advertising businesses and leave Yahoo's ownership stakes in Alibaba Group and Yahoo Japan in the existing corporate entity."
06:51 EDTBABASina viewed as best value play in sector, WSJ says
Sina (SINA) continues to be one of the Chinese Internet sector's best value plays and its prospects may improve even more it it furthers its relationship with Alibaba (BABA), Aaron Back of the Wall Street Journal's Heard on the Street says. The company is a majority owner of Weibo (WB), which reported upbeat earnings yesterday and which increased its MAU's this past quarter by 33% to 222M, Back says., on the other hand, is struggling, seeing ad revenue fall 14% year over year in the most recent quarter, the report says. The company aims to turn the business around by next year and will continue to rely on Alibaba, the Journal says. Reference Link
06:00 EDTBABAStarboard sends letter to Yahoo, urges halt of Alibaba spinoff plan, WSJ reports
Yahoo (YHOO) shareholder Starboard Value sent a letter to the company urging the company to halt the plan to sell its stake in Alibaba (BABA) due to the risk of incurring taxes on the sale, the Wall Street Journal reports. The activist investor instead wants Yahoo to sell its struggling Internet business, the report says. Starboard supported the sale of over $20B in Alibaba shares before the IRS denied Yahoo's request for a private letter ruling on whether the spinoff would be considered tax free. Reference Link
November 18, 2015
07:28 EDTBABAYahoo taxes could amount to more than value of Alibaba stake, says SunTrust
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