Scalper1 News
Talk about a potent war chest. Yahoo (YHOO) netted some $9.4 billion from the sale of shares it held in China e-commerce leader Alibaba, according to a regulatory filing on Tuesday. Yahoo sold 140 million shares in Alibaba (BABA)’s IPO last month, at 68 per share. The $9.4 billion take reflects underwriting discounts and commissions of 0.816 per share. The Sunnyvale, Calif.-based Web portal retains 383 million Alibaba shares, a 15% stake in the Scalper1 News
Scalper1 News