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Alibaba close to $8 billion funding goal, report says

Chinese e-commerce giant Alibaba Group is nearing the close of an investment round designed to reduce Yahoo's equity in its operation, according to a new report.

The company is closing in on its $8 billion investment goal, according to The New York Times, citing sources. The news outlet says the funds are being raised from a host of sources, including hedge funds, mutual funds, and private equity firms. The company will sell preferred and common shares in the transactions, and will borrow about $4 billion, the Times says.

Alibaba and Yahoo entered into an agreement in May that prompted … Read more

iPhone 5 'already in production,' says Japan-based blog

Production of the next iPhone has already begun, a Japanese-language Apple blog claims.

And to back up its claim, the Macotakara blog cites listings for iPhone 5 cases on China's Alibaba.com.

The blog goes on to say that the back of the new iPhone has both glass and aluminum. "In the area where aluminum is not used, there is glass." (see image below).

This contrasts with previous reports that claim the next iPhone will have an all-aluminum back like the iPad.

By comparison, the iPhone 4S sports glass coverings on the front and back.

The iPhone … Read more

Yahoo strikes deal to sell half of Alibaba stake

Yahoo and Alibaba have finally agreed to a deal that will see the Internet pioneer sell back half its stake in China e-commerce giant for $7 billion, the companies announced this evening.

The taxable deal, which was first reported by All Things D, includes a complex share buyback plan by Yahoo and an Alibaba IPO.

"Today's agreement provides clarity for our shareholders on a substantial component of Yahoo!'s value and reaffirms the significance of our relationship with Alibaba," said Ross Levinsohn, interim CEO of Yahoo, in a statement. "We look forward to continued collaboration with … Read more

Yahoo near deal to divest of Alibaba?

Yahoo and Alibaba are in negotiations to sell a large chunk of the China e-commerce giant back to the company, according to an All Things D report this evening.

The complex deal, which would include a share buyback and an eventual IPO by the Chinese company, has yet to be officially approved by the companies' boards but may be announced as early as Monday, multiple sources told the site. Under the terms of the deal, Yahoo would sell half its 40 percent stake for about $7 billion. The proceeds could then be used to buy back shares, All Things D … Read more

Yahoo-Alibaba-Softbank: Still no deal

Let's make a deal? Not yet.

One day, Yahoo and its two Asian partners no doubt will finally resolve their long-running talks about how to deal with the sale of its Asian properties. Each of the three players involved in this long-running melodrama--Yahoo, China's Alibaba, and Japan's Softbank--has an interest in getting this done. But it seems that disagreement still rules the day.

The rumored deal would have involved swapping Yahoo's ownership in Alibaba and Yahoo Japan back to those companies in a trade for some still-to-be-determined assets. But the talks are now dead in the … Read more

Latest Yahoo rumor: A possible cash-and-stock trade with Alibaba

Yahoo is still working hard to turn some or all of its Asian assets into cash.

According to Reuters, Yahoo is currently considering a complex deal in which it would sell back slightly more than half of its stake in China's Alibaba Group--specifically, shares equivalent to about 25 percent of Alibaba. Yahoo acquired a 40 percent stake in Alibaba in 2005 for $1 billion, and could stand to make more than $8 billion in the deal.

Of course, nothing is ever simple with Yahoo, and the deal it's putting together with Alibaba is no exception. Yahoo would only … Read more

Alibaba seeks leaner loan for Yahoo acquisition bid

The Alibaba Group is working on securing billions of dollars to aid the company in acquiring all or part of Yahoo, a new report claims.

Citing "people familiar with the matter," Bloomberg is reporting today that China's Alibaba is planning to take out a $3 billion loan for its Yahoo bid. Initially, the publication's sources says, the company was planning on a $4 billion loan.

For months now, rumors have suggested Alibaba is planning to make an acquisition bid for Yahoo. In September, the company's CEO, Jack Ma, told an audience at Stanford University that … Read more

Alibaba, its sights on Yahoo, hires U.S. lobbying group

Chinese Internet company Alibaba is investing in new lobbying power in the U.S., a move that syncs up with its reported plans to make a serious bid for Yahoo.

A legal filing unearthed this week shows that the company hired the services of Washington D.C.-based Duberstein Group, headed by President Reagan's former chief of staff Kenneth Duberstein.

The hire comes months after chatter about Alibaba making a move to acquire Internet giant Yahoo. In a talk at Stanford University in September, Alibaba CEO Jack Ma told an audience that he was "very interested" in such a deal. … Read more

Yahoo board said to consider unloading Asian assets

Yahoo's board of directors is considering a deal to sell its Asian assets back to their majority holders in a tax-free deal worth $17 billion, according to a report in The New York Times.

The Web pioneer's board is expected to meet tomorrow to discuss selling its stakes in Chinese e-commerce company Alibaba Group and Yahoo Japan, people familiar with the matter told the newspaper. If the company decides to pursue the deal, it could elect to reject investment proposals by Silver Lake and TPG Capital, these people said.

Alibaba and Softbank, Yahoo Japan's majority holder, would … Read more

Buzz Out Loud 1568: That's just the Google Maps guy, ignore him (Podcast)

The Carrier IQ spy software scandal continues to grow: Al Franken wants an explanation and researchers say it might even be showing up in iOS. AT&T's T-Mobile bid is on death watch, and we perform a live demo of Siri's abortion "glitch" -- biggest problem? It's not search and it should be search. Meanwhile, Google announces that it's planning to map indoor spaces, and we envision a world of Google mapping guys on Segways in the mall and maybe even snooping around our cubicles and kitchens.

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