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Stock Market & Financial Investment News

News Breaks
August 12, 2014
17:09 EDTYHOO, SFTBF, BABAYahoo says Alibaba to sell assets relating to its SME loan business for $518M
Yahoo disclosed in a regulatory filing that on August 12, Yahoo (YHOO), entered into a Share and Asset Purchase Agreement, the SAPA, by and among Yahoo, Alibaba Group Holding (BABA), Alipay.com, Zhejiang Ant Small and Micro Financial Services Company, SoftBank (SFTBF), APN Ltd., Jack Ma Yun, Joseph Chung Tsai and certain of their affiliates. Alibaba Group agreed to sell certain securities and assets primarily relating to its SME loan business to Small and Micro Financial, in exchange for aggregate cash consideration of RMB3,219M, US$518M. The sale of the SME loan business is subject to receipt of regulatory approvals and other customary closing conditions. Such cash consideration will be paid to Alibaba Group no later than the earlier of the second anniversary of the closing of such sale and a “qualified IPO” of Small and Micro Financial or Alipay. In addition, pursuant to certain software system use and service agreements, Alibaba Group will receive annual fees for a term of seven years. These fees will be determined as follows: for calendar years 2015 to 2017, Alibaba Group will be paid an annual fee equal to 2.5% of the average daily balance of the SME loans provided by SME loan entities; and in calendar years 2018 to 2021, Alibaba Group will be paid an annual fee equal to the amount of the fees paid in the calendar year 2017.
News For YHOO;BABA;SFTBF From The Last 14 Days
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April 16, 2015
12:18 EDTBABA, YHOOAlibaba 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 Group’s 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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April 12, 2015
19:01 EDTYHOONokia maps unit HERE may be of interest to several tech firms, Re/code says
If Nokia is putting its mapping unit HERE up for sale it may draw interest from firms like Microsoft (MSFT), Yahoo (YHOO), Amazon (AMZN) and Apple (AAPL), says Re/code. Reference Link
17:01 EDTYHOOYahoo demotes head of Tumblr, WSJ says
David Karp has been demoted as head of Yahoo's Tumblr division while Adam Cahan, the company's SVP of Mobile, will lead a new group concentrating on video, reports the Wall Street Journal's Digits blog, citing a company-wide memo sent by CEO Marissa Mayer. Simon Khalaf has been promoted to SVP overseeing the Yahoo homepage and Tumblr, and will work on making Tumblr "work more closely together" with other Yahoo properties, said a person briefed on the reshuffling plans. Reference Link
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