Yahoo! May Sell Asia Assets, Or Take Offer For 20% Of Shares

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By Douglas A. McIntyre Published
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Yahoo! (NASDAQ: YHOO) may have more offers for its businesses, or the whole company, than it can handle.

The FT reports that China e-commerce company Alibaba may buy share its owns in the company. Yahoo! Japan’s largest shareholder Softbank may do the same. The buybacks could leave Yahoo! with $10 billion in cash. That may not impress investors who see Yahoo! as a low growth internet firm with very few prospects.

The FT writes

News of the talks over Yahoo’s Asian stakes follows protracted pressure from  Jack Ma, head of Alibaba, to persuade the US company to part with its 42 per  cent stake in the Chinese company.

Another option Yahoo! may have is that Silver Lake has made an offer of $16.60 a share for 20% of Yahoo!.

Bloomberg reports

Silver Lake is working with Microsoft Corp. (MSFT) and venture- capital firm Andreessen Horowitz to buy part of Yahoo

The offer from Silver Lake may be an insult to Yahoo!’s board. The company’s stock has traded above $15 over much of the last year. But, a minority position in Yahoo! is worth less than a controlling interest. Silver Lake would be at the mercy of Yahoo!’s board, and the possibility that it will continue a string of poo decisions

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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