Yahoo and Alibaba’s relationship has long been rocky. Observers say Yahoo has bristled at the way it has been sidelined on major decisions, while Ma’s company has been rebuffed by Yahoo in attempts to buy back some of the U.S. company’s invested stake.
Some investors believe Yahoo’s major assets in Asia could potentially be worth as much as Yahoo’s entire current market value and are betting that an IPO by privately held Alibaba, or one of its subsidiaries, could boost Yahoo’s valuation.
Yahoo has said all parties in the negotiations agreed on basic principles, particularly to ensure that Alipay would continue to be a driving force behind auctions site Taobao and that the payments system would be among the first to win an operating license from the Chinese government.
Alibaba said last week it has reorganized Taobao, China’s largest e-commerce website, into three separate companies, squashing any chance of a Taobao public offering.
Alibaba has wanted to buy back its stake from Yahoo and has tussled with Yahoo over the valuation of Taobao.
8-6-2021 (August 6, 2021) is the Snakiest day of the year and it’s also this year’s CircuitPython Day! The day highlights all things CircuitPython and Python on Hardware. See you there!
Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, TinyGO, or even use the Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for CircuitPython, MakeCode, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.