|By Maureen O'Gara||
|September 15, 2012 04:00 PM EDT||
Alibaba CEO Jack Ma's most heartfelt wish will reportedly come true next week when he's able to put something of a period - or at least a coda - to Yahoo!'s rocky involvement with his company.
It's gonna cost him though.
All Things Digital, that Yahoo know-it-all, says Yahoo has agreed to sell him back half its 40% interest for $7.6 billion in borrowed money, a sum that values Alibaba at $43 billion.
It includes a $550 million final payment in annual licensing fees.
Yahoo only paid $1 billion for its 40% piece seven years ago, a handsome return.
Alibaba will probably have to go public for Yahoo to part with the rest of its shares. Yahoo will have to sell 10% if Alibaba IPOs and the rest thereafter.
All Things Digital says Yahoo will see $4.5 billion after taxes from next week's transaction, which the blog expects Yahoo's new CEO Marissa Mayer to spend on acquisitions in an attempt to restore some of Yahoo's faded luster rather than return it to Yahoo's long-suffering shareholders as previously promised.
Yahoo and its board, which meets next week, will have to withstand the outcry.
- Source Claims SCO Will Sue Google
- Latest SCO News is Plain Weird
- SCO Claims Linux Lifted ELF
- IBM Tells SCO Court It Can't Find AIX-on-Power Code
- HP Starts Pushing Desktop Linux
- Linux Business Week Exclusive: Linux Kernel To Be Re-Written To Counter Microsoft FUD
- CSN Asks Judge To Unseal the SCO-IBM Court Record
- IBM's Got Its Head in the Clouds
- Noorda's Daughter Committed Suicide
- SCO vs IBM Latest: SCO To Request Unsealing of Most Documents, Claims O'Gara
- Novell Tried to Buy SUSE, Sources Say
- IBM CEO Ordered to Turn Over Linux Secrets to SCO