Sep 12
19
Alibaba closed the repurchase of half of Yahoo’s interest in their business this week, in a deal worth $7.6 billion. Yahoo CEO Marissa Mayer announced a $3.65 billion payout for investors, with the remainder to be used for future growth.
Go here to read the rest:
Yahoo Shareholders to Get $3.65 Billion as Alibaba Completes $7.6 Billion Buyback