However, there’s a cat-and-mouse game going on right now between Yahoo! and Alibaba. Alibaba would like to buy back some of Yahoo!’s stake in their company before committing to an IPO. Yahoo! doesn’t want to sell.
I’m all for Yahoo! holding on to their “golden ticket” negotiated in Jerry Yang’s master-stroke 2005 $1 billion investment in Alibaba. However, wouldn’t Yahoo! shareholders like to see this value reflected in their stock holdings? It’s been a long and windy road to get to this point. Seeing the stock get back to $30 would feel good. This can happen if Taobao and Alipay IPO and that can happen if the Yahoo! CEO and Jack Ma get in a room and sort this out once and for all.
We’ve been following this for awhile and more investor-types are really running this story down! Just to put this in context, if Yahoo! named Jack Ma as CEO of Yahoo! He would be in control of the largest payment processor in China (Alipay) and Alibaba, and Taobao and Yahoo. One thing for sure, the iconic Yahoo! is likely to change a lot soon.
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