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Home >> Business
UPDATED: 16:20, August 11, 2005
Final version of Yahoo!, Alibaba deal released
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The final version of Yahoo! and Alibaba's deal was at last released on Aug 10, according to which Yahoo! will hand over all its businesses in China to Alibaba. Plus hundreds millions of US dollars in cash, the value of the deal reaches $ 1 billion, by which Yahoo! will trade Alibaba's 1/3 stakes, slightly lower than previously reported 35 percent. Within one to two years, Yahoo! will wholly acquire Alibaba.

Yahoo!'s assets in China include Yahoo!China, 3721, Yipai.com, etc. The amount of cash to be paid is not available yet.

One thing in the agreement to note is Yahoo! will finally wholly acquire Alibaba by buying its remaining 2/3 stakes at "price settled in advance" within one or two years.

Analysts said, "Jack Ma will shake off pressure from venture capital investors by the deal, because Yahoo! as a public listed company will not need to cash back in its investment in stakes. Moreover, selling 1/3 stakes doesn't violate Ma's principle-not to give up control of the company."

By People's Daily Online


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