Yahoo! gets! $7.1bn! injection! from! Alibaba! stake! sale!

Chinese e-commerce biz Alibaba has signed a deal to buy back half of Yahoo!'s 40 per cent stake in the company, marking the beginning of the end of their partnership. The web bazaar will fork out $7.1bn (£4.4bn) for the 20 per cent holding with the option to grab back the remaining stake if it later goes public with its stock …

[Gordon 10]

Way to go guys

So Yahoo are dying on their feet - albeit slowly and the best thing they can think to do with the cash from this is "return it to shareholders".

Way to go guys - god forbid you might actually use it to fund another round of investment or actually supercharge your R&D. A 700% ROI is pretty good by anyones measure.

/slowhandclap

[Thomas 18]

Re: Way to go guys

Yahoo is a sink, why pour more money down it? Shareholders need some love given the gradient of their stocks graphs at the moment.

[auburnman]

Re: Way to go guys

Amen to that, given the company haven't done a GD thing of note in the last few years that wasn't firing executives or turning down amazing buyout offers, returning the money to shareholders is a) a no brainer and b) probably the last chance saloon for investors to see some money back.

[Bill Neal]

Not dead yet!

like monty python's famous grail line. This also reminds me of SCO. How many times did they rise from the dead?