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		<title>Stories Tagged: Alibaba | nobosh.com</title>
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		<description>Stories Tagged-Alibaba nobosh</description>
		
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			<pubDate>Wed, 23 Jul 2008 13:23:13 -0600</pubDate>
	
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		<title><![CDATA[Yahoo YHOO Getting Cheap Enough For LBO Firms To Pounce]]></title>
		<description><![CDATA[If Yahoos stock YHOO had approached $20 a year ago private equity firms would have been circling like pack wolves. Now with debt markets tighter private equity might have a harder time raising the necessary cash but its still worth noting how cheap Yahos core business is.What do you get when you buy Yahoo for $21 a share?1. Cash2. Stock in G-Market Alibaba and Yahoo Japan3. Yahoos business.How much are those things worth?Cash approximately $2 billion or $1.50 a share at the end of Q1 after netting out debt.Asian stocks approximately $13.8 billion or $10 a share at the end of Q1 per Yahoo management some issues to consider here--see below.Yahoos business Implied value of about $15 billion or $11 a share.Is $15 billion for all of Yahoo cheap? ConsiderFacebook just sold stock to Microsoft at about that price. Facebook will generate about $300 million in revenue this year versus Yahoos $8 billion.$15 billion is about 11X trailing EBITDA a valuation that until recently was considered fair for the likes of moribund old media companies like newspapers and Time Warner these companies are now trading at about 6X EBITDAIf Yahoo generates the same amount of cash for the next ten years as it generated last year about $1.4 billion of free cash flow you would pay off a $15 billion investment in a little over 10 years. Bottom line if you think Yahoo can merely avoid deteriorating further over the next decade let alone grow $15 billion is not a bad price.Of course break-up value calculations assume that you could quickly convert those Asian assets into cash which you probably couldnt. For one thing blocks of stock that large arent usually liquid. Second Asian stock markets have dropped since last quarter. Third you Yahoo would have to pay taxes on the gains which would likely chop the net by about 30%. So to be conservative you might assume that the Asian stocks are worth say $7-$10 billion to Yahoo. This would put the value of the core business at a more expensive--but still attractive--$20 billion.See Also Yahoo Not Closing Down YetDisclosure Henry Blodget has a long-term position in Yahoo YHOO]]></description>
		<pubDate>Tue, 24 Jun 2008 07:37:27 -0600</pubDate>
		<guid>http://nobosh.com/s/yahoo-yhoo-getting-cheap-enough-for-lbo-firms-to-pounce/79207/</guid>
		<link>http://nobosh.com/s/yahoo-yhoo-getting-cheap-enough-for-lbo-firms-to-pounce/79207/</link>		
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		<title><![CDATA[Microsofts Latest Yahoo Deal Now Worth More Than $33--Faber]]></title>
		<description><![CDATA[CNBCs David Faber reported this afternoon that the Microsoft MSFT-Yahoo YHOO deal under discussion is now worth more than $33--the amount of Microsofts final offer for the whole company.HOWEVERThis is presumably an aggregate valuation composed of several assumptionsSale of Yahoos Asia assets which have been estimated to be worth about $8-$10 a share. The NY Post implied this morning that one reason to spin off the Asia assets is that Alibaba is firmly against a Microsoft deal. In any event liquidating these assets would deliver more cash to Yahoo shareholders.Microsoft buys Yahoos search business. This sounds like a simple concept but it isnt. What exactly is Yahoos search business? Yahoo is not going to remove the search window from the site so all it can really sell are 1 its Panama and directory engineering teams and 2 a long-term monetization contract. Yahoo would be moronic to do a monetization deal longer than a few years who knows whether Microsoft will even be in the search business in three years so it is not clear what buying the search business means.Microsoft invests in what remains of Yahoo which presumably means that it offers to buy out some Yahoo shareholders. This price could be set in such a way that the aggregate value of the deal is more than $33.One source says a joint venture is thankfully no longer being discussed.]]></description>
		<pubDate>Tue, 20 May 2008 14:13:25 -0600</pubDate>
		<guid>http://nobosh.com/s/microsofts-latest-yahoo-deal-now-worth-more-than-33-faber/65050/</guid>
		<link>http://nobosh.com/s/microsofts-latest-yahoo-deal-now-worth-more-than-33-faber/65050/</link>		
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		<title><![CDATA[Details of Microsofts Yahoo Search Offer Emerge]]></title>
		<description><![CDATA[Under its latest proposal to Yahoo Microsoft would buy its search business and take a stake in the company The New York Times reported Tuesday citing people briefed on the negotiations.As part of a complicated deal Yahoo would spin off its Asian assets which include a stake in the Alibaba Group a Chinese Internet company ...]]></description>
		<pubDate>Tue, 20 May 2008 05:37:20 -0600</pubDate>
		<guid>http://nobosh.com/s/details-of-microsofts-yahoo-search-offer-emerge/64735/</guid>
		<link>http://nobosh.com/s/details-of-microsofts-yahoo-search-offer-emerge/64735/</link>		
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		<title><![CDATA[Softbank and Alibaba.com Create $20 Million Joint Venture in Japan]]></title>
		<description><![CDATA[Alibaba.com and Softbank today announced formation of a joint venture company called Alibaba.com Japan. The total investment will be $20 million with Softbank accounting for 65 percent of the investment and Alibaba with the rest at 35 percent. The new company will take over the operation of Alibaba.coms existing Japanese-language website which connects small and medium enterprises SMEs in Japan with buyers and suppliers around the world. According to the company Japan has more than 4 million SMEs which account for 25 percent of the countrys export value and 63 percent of its import value. Since 2006 China has surpassed the US to become Japans largest trading partner. Alibaba.com Japan will promote trade between China and Japan as well as help Japanese businesses open up new trade channels worldwide.Alibaba.com Japan has more than 1 million product listings and over 75000 members. Alibaba.com soft-launched its upgraded Japanese website in December 2007. The joint ventures management will consist of CEO Makoto Kouyama COO Sun Jiong Director Satoshi Okada Director Masayoshi Son and Director David Wei who is Alibaba.coms CEO.This story has been provided by our research partner Pearl Research.]]></description>
		<pubDate>Thu, 15 May 2008 10:31:21 -0600</pubDate>
		<guid>http://nobosh.com/s/softbank-and-alibabacom-create-20-million-joint-venture-in-japan/63011/</guid>
		<link>http://nobosh.com/s/softbank-and-alibabacom-create-20-million-joint-venture-in-japan/63011/</link>		
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		<title><![CDATA[Intel to Develop e-Commerce PC With Chinas Alibaba]]></title>
		<description><![CDATA[Chinese e-commerce company Alibaba.com and Intel plan to jointly develop a computer designed to get small and medium-sized Chinese businesses online.]]></description>
		<pubDate>Thu, 15 May 2008 09:01:28 -0600</pubDate>
		<guid>http://nobosh.com/s/intel-to-develop-e-commerce-pc-with-chinas-alibaba/62964/</guid>
		<link>http://nobosh.com/s/intel-to-develop-e-commerce-pc-with-chinas-alibaba/62964/</link>		
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		<title><![CDATA[Alibaba erases gains hit by growth concerns]]></title>
		<description><![CDATA[HONG KONG Reuters - Shares in Chinas top e-commerce firm Alibaba.com Ltd  erased early gains to fall 2 percent on Wednesday as concern over its premium customer growth and the impact of a slowing global economy offset enthusiasm over its forecast-beating quarterly results.]]></description>
		<pubDate>Tue, 06 May 2008 21:46:03 -0600</pubDate>
		<guid>http://nobosh.com/s/alibaba-erases-gains-hit-by-growth-concerns/59034/</guid>
		<link>http://nobosh.com/s/alibaba-erases-gains-hit-by-growth-concerns/59034/</link>		
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		<title><![CDATA[Earnings Preview Disney News Corp. Plus ValueClick United Online Macrovision THQI TechTarget]]></title>
		<description><![CDATA[Were past a lot of the big ones but this is another crazy week for earnings. So far today weve heard from Alibaba Playboy and WWE. Up next-- Disney Analysts expect earnings of $.51 per share up 7.1 percent from last year according to Bloombergs tally. Revenue is expected to be up 5.4 percent to $8.51 million. The House of Hannah is expected to turn in strong numbers on the media side as TV DVDs and box office are all thought to have been strong helped by a number of hit franchises. If theres an area thats cause for concern its probably the theme parks side of the business potentially more sensitive to a consumer spending slowdown. This side of the business however has been steadily diminishing accounting for just over a fifth of op profits last year. Disney NYSE DIS numbers come after the bell. Also were hoping to hear at least one question on whether theyre seeing any fallout from the Miley Cyrus flap. -- News Corp. Weighing in tomorrow News Corp NYSE NWS. is expected to post earnings of $.32 per share on revenue of $8.66 billion according to FactSet estimates says MarketWatch. There are plenty of moving parts here including the health of Dow Jones and plans for the Wall Street Journal a possible bid for Newsday and MySpace advertising plus the FIM-Yahoo NSDQ YHOO possibilities. Messrs Murdoch and Chernin arent likely to tip their hand too much on an earnings call but theyll have something to say on at least a few of these topics.Others today include ValueClick NSDQ VCLK THQ NSDQ THQI United Online NSDQ UNTD and TechTarget NSDQ TTGT. Tomorrow Macrovision NSDQ MVSN reports its first quarterly since closing its deal with Gemstar-TV Guide so expect questions on that.]]></description>
		<pubDate>Tue, 06 May 2008 13:01:21 -0600</pubDate>
		<guid>http://nobosh.com/s/earnings-preview-disney-news-corp-plus-valueclick-united-online-macrovision-thqi-techtarget/58822/</guid>
		<link>http://nobosh.com/s/earnings-preview-disney-news-corp-plus-valueclick-united-online-macrovision-thqi-techtarget/58822/</link>		
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		<title><![CDATA[Yahoo Ok So Now What? Analysts Market React To Dead Deal YHOO Trades Down Over 18 Percent]]></title>
		<description><![CDATA[Thats the headline of Jerry Yangs post at Yodel Anecdotal discussing Yahoos NSDQ YHOO future now that Microsoft has withdrawn its offer. If youre looking for anything meaty like indication of a fresh deal with another party then dont bother looking there. Instead theres some talk about Buzz OneSearch and the companys new social efforts. In the short term the market knows that none of this equals cash on the table from Microsoft NSDQ MSFT. Yahoo shares are opening down about 18.5 percent to $23.30at least thats over 10 percent higher than what it was before Microsoft made its bid. As for Microsoft its not seeing huge reaction trading up about 2.3 percent. Google NSDQ GOOG is trading up by a similar measure. Meanwhile Alibaba.com in which Yahoo is a large stakeholder fell 5.9 percent according to Bloomberg. An analyst quoted in the piece suggests its because the company will now miss out on potential synergies working with Microsoft but this sounds like an over-reading of the market. A simpler answer could be fears that Yahoo will be pressured to unwind some of its China holdings.-- Mark May Needham &amp; Co In order to placate YHOO shareholders management will need to respond with a transformational partnership or transaction such as a far-reaching Google ad deal. However it remains unclear if this deal alone will enable YHOO to hit the aggressive CY09 and CY10 projections it recently set forth and we believe some large YHOO shareholders are unhappy with the prospect of outsourcing a meaningful portion of the companys strategic business. MSFTs withdrawal could also result in other transformational deals such as a MSFTAOL NYSE TWX merger which could create a more challenging competitive landscape for YHOO.-- Jeff Lindsay Bernstein Deals with AOL and Google are still possible and one or both are necessary to move the stock upward from here. Theres a range of permutations here but in the best scenario a merger of AOL and Yahoo and a comprehensive search monetization deal with Google Yahoo shareholders could see a value of $37 per share. Another scenario whereby AOL and Yahoo both monetized search via Panama the value to Yahoo shareholders would be just $28.45.-- Ben Schachter UBS While we believe there are 3 potential near-term catalysts for the stock partial outsourcing of search to Google unlocking the value of its Asia assets potentially deeper cost-cutting in non-core businesses Yahoo!s execution remains the problem as the company has not been able to execute better targeting and measurement on its own site effectively enough over the past 15 years. We are not willing to give them the benefit of the doubt that they can make meaningful improvement over the next three years particularly given a heightened competitive dynamic where Yahoo! will now be competing against Google Microsoft AOL and possibly others.-- Ross Sandler RBC Three scenarios out there Yahoo business as usual 70 percent Google ad deal 15 percent Microsoft 15 percent. A Google deal Sandler estimates could add $600 million to Yahoo cash flow in 2009 potentially bringing the stock to $32. As for Microsoft revisiting the deal at some point in the future it would probably only happen if Yahoo really missed its estimates for the year and was weakened.]]></description>
		<pubDate>Mon, 05 May 2008 08:46:19 -0600</pubDate>
		<guid>http://nobosh.com/s/yahoo-ok-so-now-what-analysts-market-react-to-dead-deal-yhoo-trades-down-over-18-percent/58086/</guid>
		<link>http://nobosh.com/s/yahoo-ok-so-now-what-analysts-market-react-to-dead-deal-yhoo-trades-down-over-18-percent/58086/</link>		
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		<title><![CDATA[This Week in Silicon Alley May 5-May 9]]></title>
		<description><![CDATA[Monday May 5IAB Leadership Forum Digital VideoSymphic Technology 5-day Workshop SQL Server Business Intelligence with Data MiningBefore the bell Marvel MVL earnings call 900 a.m.After the bell Divx DIVX earnings call 430 p.m. Virgin Mobile USA VM earnings call 500 p.m. LookSmart LOOK earnings call 500 p.m.New Work City Meetup 2 600 p.m.Tuesday May 6Capacity USA 2008 Telecommunications Conference through WednesdayMobile Convergence Technology SummitIDC Enterprise Data Center ForumBefore the bell Alibaba.com 1688.HK earnings call 800 a.m. MetroPCS PCS earnings call 900 a.m.Web 2.0 Executive Bootcamp New York 845 a.m.-500 p.m.Midday Playboy PLA earnings call 1100 a.m.After the bell Disney DISearnings webcast 430 p.m. Cisco Systems CSCO earnings call 430 p.m. TechTarget TTGT earnings call 430 p.m. WebMD WBMD earnings call 445 p.m. United Online UNTD earnings call 500 p.m. THQ THQI earnings call 500 p.m. Blue Nile NILE earnings call 500 p.m.Eyebeam Freedom and Creativity Benefit honoring Craigslists Craig Newmark 630 p.m.NYC Search Marketing Meetup Small Group Share and Learn 700 p.m.NY GNULinux Meetup Ubuntu for Beginners 700 p.m.Future of Web Design Meetup 700 p.m.Wednesday May 7Enterprise 2.0 BootcampTri-State CIO Forum Leading IT for Top Line GrowthIDC Virtualization Forum2008 Leadership in Media Conference 800 a.m.-600 p.m.Google App Engine Hack-a-Thon 1000 a.m.-600 p.m.Midday Orbitz OWW earnings call 1000 a.m. U.S. Cellular USM earnings call 1100 a.m. DirecTV DTV earnings call 200 p.m.After the bell News Corp NWS earnings call 430 p.m. Internap INAP earnings call 500 p.m. Macrovision MVSN earnings call 500 p.m.Tech Drinks V Diggnation Mashup Edition 530 p.m.New York City SharePoint Using Content Query Web Part to Solve Business Problems 530 p.m.Small Business QuickBooks  Avoid the Top Five QuickBooks Setup  Errors 600 p.m.NYC Tech4Good May Speaker Meeting 700 p.m.Super Tech Diggnation Meetup 700 p.m.Thursday May 8Accelerating Wall Street 2008 Technology in FinanceOracle Performance Management and Training Forum through Friday in Iselin NJNew Media PR Boot Camp Technology and Emerging Trends through Friday Alternative Public Strategies Conference 700 a.m.-730 p.m.Before the bell Warner Music WMG earnings call 830 a.m. Deutsche Telekom DK earnings call 830 a.m. Virgin Media VMED earnings call 900 a.m.Open Coffee Meetup 915 a.m.Midday Vonage VG earnings call 1000 a.m. Cablevision CVC earnings call 1000 a.m. Dun &amp; Bradstreet DNB earnings call 1000 a.m. Primedia PRM earnings call1000 a.m. R.H. Donnelley RHD earnings call 1000 a.m.After the bell Activision ATVI earnings call 430 p.m. The Knot KNOT earnings call 430 p.m. LiveNation LYV earnings call 500 p.m. Leap Wireless LEAP earnings call 500 p.m. Real Networks RNWK earnings call 500 p.m. Limelight Networks LLNW earnings call 500 p.m. VeriSign VRSN earnings call 500 p.m.Media Meshing Drinks Social Networking for Media Professionals 600 p.m.NY IT Professionals May Meeting 630 p.m.Friday May 9Before the bell ClearChannel CCU earnings release 700 a.m.Midday Jupitermedia JPM earnings call 1100 a.m. Liberty Media LINTA earnings call 1100 a.m.Events compiled from Meetup Yahoo!Upcoming Confabb.com and alleyreporter.com]]></description>
		<pubDate>Mon, 05 May 2008 06:01:37 -0600</pubDate>
		<guid>http://nobosh.com/s/this-week-in-silicon-alley-may-5-may-9/57997/</guid>
		<link>http://nobosh.com/s/this-week-in-silicon-alley-may-5-may-9/57997/</link>		
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		<title><![CDATA[Alibaba Takes A Dive After Microsoft Pulls Yahoo Bid]]></title>
		<description><![CDATA[While it&amp;#8217s still unclear how Yahoo shareholders will react to management&amp;#8217s decision to spurn Microsoft&amp;#8217s sweetened $33 per-share bid Alibaba.com shareholders have already made their feelings clear.Alibaba China&amp;#8217s largest online commerce company fell the most in three weeks in Hong Kong trading after Microsoft ended its bid to buy Yahoo the biggest shareholder in the ...]]></description>
		<pubDate>Mon, 05 May 2008 05:31:17 -0600</pubDate>
		<guid>http://nobosh.com/s/alibaba-takes-a-dive-after-microsoft-pulls-yahoo-bid/57979/</guid>
		<link>http://nobosh.com/s/alibaba-takes-a-dive-after-microsoft-pulls-yahoo-bid/57979/</link>		
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		<title><![CDATA[Alibaba Dives After Microsoft Walks]]></title>
		<description><![CDATA[Yahoo! CEO Jerry Yang will no doubt point to value of Asian assets to justify going it alone.]]></description>
		<pubDate>Mon, 05 May 2008 01:16:02 -0600</pubDate>
		<guid>http://nobosh.com/s/alibaba-dives-after-microsoft-walks/57935/</guid>
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		<title><![CDATA[Softbank Buys Stake in Chinese Internet Firm Oak Could Go Up To $385 Million]]></title>
		<description><![CDATA[The Japanese teleco and online firm Softbank has bought about 14 percent of Chinese online holding firm Oak Pacific Interactive OPI with the intent of increasing the stake to 40 percent by 2011. For the 14 percent stake it paid about $96 million...fr the increase in stake it would pay a total of $385 million according to AP. In March 2006 it raised a $48.1-million round led by General Atlantic Partners and DCM-Doll Capital Management and later bought a local Facebook clone Xiaonei which is now one of the biggest in the country. Other sites in Oaks portfolio includes the entertainment portal Mop.com news site DoNews.com YouTube clone UUMe.com and classified ads provider RenRen.com.Softbank already holds a 29.3 percent stake in the parent of Alibaba.com in which Yahoo NSDQ YHOO also holds a stake.RelatedChinaInterActiveCorp Gets $48 Million Funding Changes NameOak Buys Chinas Facebook-Clone Xiaonei.com]]></description>
		<pubDate>Wed, 30 Apr 2008 09:16:30 -0600</pubDate>
		<guid>http://nobosh.com/s/softbank-buys-stake-in-chinese-internet-firm-oak-could-go-up-to-385-million/56187/</guid>
		<link>http://nobosh.com/s/softbank-buys-stake-in-chinese-internet-firm-oak-could-go-up-to-385-million/56187/</link>		
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		<title><![CDATA[Valleywag Analyst Finds Secret Accounting Gimmick That Saved Yahoos Quarter]]></title>
		<description><![CDATA[Valleywag analyst Nicholas Carlson has news for Wall Street and the mainstream media and us! were a bunch of morons. You see says Nick Yahoo YHOO only posted that $1.35 billion in revenue versus the $1.32 billion consensus because of the $401 million in revenue the company booked from its gain in Alibabas IPO.Whoah.  How did we miss that one?Well first because we thought revenue and non-cash gains booked as earnings from equity interests were different things reminiscent of that scene in Risky Business in which Tom Cruise thinks that boffing and fing are different sex acts?.  And then of course there was our blown arithmetic We thought that the difference between $1.32 billion and $1.35 billion was about $30 million not $401 million.NickYahoo beat analyst expectations for its first quarter revenues by $30 million $1.35 billion to $1.32 billion. But $401 million ofthose revenues sic were Yahoos noncash gain from Alibaba.coms initialpublic offering from which Yahoo profited because it owns 39 percentof Alibaba Group Alibaba.coms parent company. Wall Street seems tohave taken this caveat into account bidding Yahoos stock slightlydown in after hours trading. Commenters want to tar and feather YahooCFO Blake Jorgensen for including these gains in Yahoos quarterlyrevenues sic.The non-cash Alibaba gain was actually booked in earnings from equity interests not revenue. Per the release         Net income for the first quarter of 2008 includes the Companys net         non-cash gain of $401 million related to Alibaba Groups initial         public offering of Alibaba.com net of tax which is included in         earnings in equity interests.]]></description>
		<pubDate>Wed, 23 Apr 2008 09:16:42 -0600</pubDate>
		<guid>http://nobosh.com/s/valleywag-analyst-finds-secret-accounting-gimmick-that-saved-yahoos-quarter/52979/</guid>
		<link>http://nobosh.com/s/valleywag-analyst-finds-secret-accounting-gimmick-that-saved-yahoos-quarter/52979/</link>		
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		<title><![CDATA[The 500000-song iPod isnt surprising]]></title>
		<description><![CDATA[Featured links from the CNET Blog NetworkThe 500000-song iPod isnt surprising--IBM researchers have published information about a new disk storage technology that could increase storage size a hundred-fold within the next ten years.Tying Hillary to Chinese censorship through Bills speech for Alibaba a stretch?--Former U.S. President Bill Clintons foundation received an undisclosed sum in exchange for his keynote address at an event held by Alibaba the Chinese internet company that controls Yahoo China and has been accused of aiding Chinas crackdown in Tibet.Salesforce.com and Google Apps paves the way for Web-oriented architecture and platform as a service--Get your Google Apps as part of Salesforce.com and surrender to your applications in the cloud. Japan handheld with Intel Atom chip debuts--Willcom Sharp Microsoft and Intel have announced an ultra-mobile device using Intels Atom processor one of the first devices to be officially announced.]]></description>
		<pubDate>Tue, 15 Apr 2008 12:31:19 -0600</pubDate>
		<guid>http://nobosh.com/s/the-500000-song-ipod-isnt-surprising/49195/</guid>
		<link>http://nobosh.com/s/the-500000-song-ipod-isnt-surprising/49195/</link>		
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		<title><![CDATA[Alibaba wants to buy out Yahoos shares]]></title>
		<description><![CDATA[Seeking to protect its independence in case of a Microsoft takeover the Chinese Internet giant is in talks to buy Yahoo out reports Yi-Wyn Yen.]]></description>
		<pubDate>Wed, 19 Mar 2008 14:31:01 -0600</pubDate>
		<guid>http://nobosh.com/s/alibaba-wants-to-buy-out-yahoos-shares/37453/</guid>
		<link>http://nobosh.com/s/alibaba-wants-to-buy-out-yahoos-shares/37453/</link>		
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		<title><![CDATA[Alibaba looking for buyers of Yahoo-owned stake reports say]]></title>
		<description><![CDATA[SAN FRANCISCO MarketWatch - Alibaba Group is reportedly looking to buy back the shares owned by Yahoo Inc. in a bid maintain its independence in the event of a Microsoft Corp. takeover of the beleaguered Internet portal according to media reports.]]></description>
		<pubDate>Wed, 19 Mar 2008 08:46:01 -0600</pubDate>
		<guid>http://nobosh.com/s/alibaba-looking-for-buyers-of-yahoo-owned-stake-reports-say/37265/</guid>
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		<title><![CDATA[Alibaba Rubbing Lamps To Buy Back Yahoo! Stake]]></title>
		<description><![CDATA[The Chinese business-to-business portal is seeking financial backing for plan to reacquire the Silicon Valley tech companys 39% holding to keep it out of the hands of Microsoft.]]></description>
		<pubDate>Wed, 19 Mar 2008 06:31:01 -0600</pubDate>
		<guid>http://nobosh.com/s/alibaba-rubbing-lamps-to-buy-back-yahoo-stake/37197/</guid>
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		<title><![CDATA[Alibaba Said to Shop Yahoo Stake to Avoid Micorosfts Grasp]]></title>
		<description><![CDATA[China&amp;#8217s Alibaba Group is seeking investors to buy the 39 percent stake in the Internet company held by Yahoo according to Reuters outlining a plan that could stop Microsoft from getting the Alibaba stock.Alibaba&amp;#8217s move indicates it thinks Microsoft is likely to win its $42.4 billion bid to buy Yahoo in which case the Chinese ...]]></description>
		<pubDate>Wed, 19 Mar 2008 05:31:15 -0600</pubDate>
		<guid>http://nobosh.com/s/alibaba-said-to-shop-yahoo-stake-to-avoid-micorosfts-grasp/37158/</guid>
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		<title><![CDATA[Alibaba Wants A Buyer For Yahoos Stake Report]]></title>
		<description><![CDATA[Yahoo NSDQ YHOO touted its Asian holdings as a key reason why Microsoft NSDQ MSFT ought to pay more for the company arguing that they represent extra strategic value. But Alibaba the Chinese internet conglomerate thats 39 percent owned by Yahoo is looking for someone to take over this stake reports Reuters citing a source familiar with the discussion. Alibaba does not want to come under Microsofts influence and it believes that its 2005 agreement with Yahoo gives it the right to invoke such a transaction should Yahoo ultimately get sold. The firm has reportedly hired Deutsche Bank and the law firm Wachtell Lipton Rosen &amp; Katz to advise on the situation.-- This isnt the first indication that the Microsoft bid has caused reverberations in China. A report last month suggested that Chinese regulators had contacted Alibaba over the situation though another report said that it was mainly Alibaba that was concerned.-- Meanwhile Alibaba.com the publicly traded B2B site in which Yahoo took a sizable pre-IPO stake has been sliding and is trading below the IPO price for the first time. Reuters quotes an analyst attributing the decline to the companys exposure to the slowing US economy. In the financial presentation made this morning Yahoo said Alibaba.com accounted for $2 of each Yahoo share though it did not peg a value on its total Alibaba investment.RelatedYahoo Makes The Case Were Doing Okay Why Microsoft Offer Is Too Low Evaluating AlternativesUpdate Chinese Regulators Concerned About MSFT-YHOOs Effect On Alibaba]]></description>
		<pubDate>Tue, 18 Mar 2008 21:31:18 -0600</pubDate>
		<guid>http://nobosh.com/s/alibaba-wants-a-buyer-for-yahoos-stake-report/37026/</guid>
		<link>http://nobosh.com/s/alibaba-wants-a-buyer-for-yahoos-stake-report/37026/</link>		
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		<title><![CDATA[Chinas Alibaba 2007 net profit more than quadruples]]></title>
		<description><![CDATA[HONG KONG Reuters - Top Chinese e-commerce firm Alibaba.com Ltd  said on Tuesday its full-year 2007 profit grew 340 percent amid healthy online trade.]]></description>
		<pubDate>Tue, 18 Mar 2008 03:01:02 -0600</pubDate>
		<guid>http://nobosh.com/s/chinas-alibaba-2007-net-profit-more-than-quadruples/36539/</guid>
		<link>http://nobosh.com/s/chinas-alibaba-2007-net-profit-more-than-quadruples/36539/</link>		
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		<title><![CDATA[Alibaba Earns A Voice In Micro-Hoo Deal]]></title>
		<description><![CDATA[The firm has reportedly hired consultants to influence the Yahoo!Microsoft deal.]]></description>
		<pubDate>Mon, 18 Feb 2008 14:31:02 -0600</pubDate>
		<guid>http://nobosh.com/s/alibaba-earns-a-voice-in-micro-hoo-deal/23689/</guid>
		<link>http://nobosh.com/s/alibaba-earns-a-voice-in-micro-hoo-deal/23689/</link>		
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		<title><![CDATA[Chinese Government May Be Concerned About Microsofts Takeover of Yahoo]]></title>
		<description><![CDATA[An interesting report from Reuters eWeek suggests the Chinese Government may be concerned about Microsoft a firm that uses &amp;#8220monopolistic tactics&amp;#8221 buying Yahoo which will mean Microsoft will become the biggest shareholder in Alibaba one of China&amp;#8217s biggest internet firms.According to the report Alibaba &amp;#8220will seek a stronger voice for its management team in Microsoft&amp;#8217s ...]]></description>
		<pubDate>Mon, 18 Feb 2008 09:16:30 -0600</pubDate>
		<guid>http://nobosh.com/s/chinese-government-may-be-concerned-about-microsofts-takeover-of-yahoo/23627/</guid>
		<link>http://nobosh.com/s/chinese-government-may-be-concerned-about-microsofts-takeover-of-yahoo/23627/</link>		
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		<title><![CDATA[Alibaba has say in Yahoo Microsoft talks source]]></title>
		<description><![CDATA[BEIJING Reuters - Alibaba Group the Chinese Internet firm will seek a stronger voice for its management team in Microsofts talks to acquire Yahoo Alibabas largest shareholder a source said on Monday.]]></description>
		<pubDate>Mon, 18 Feb 2008 03:01:04 -0600</pubDate>
		<guid>http://nobosh.com/s/alibaba-has-say-in-yahoo-microsoft-talks-source/23563/</guid>
		<link>http://nobosh.com/s/alibaba-has-say-in-yahoo-microsoft-talks-source/23563/</link>		
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		<title><![CDATA[Chinese Regulators Concerned About MSFT-YHOOs Effect On Alibaba]]></title>
		<description><![CDATA[That a Microsoft-Yahoo tie up would draw some serious scrutiny from the EU almost goes without saying. But because of Yahoos significant holdings in the Alibaba Group the deal may raise flags in China as well. WSJ reports that the internet conglomerate has been contacted by regulators in China concerned with the impact if Microsoft NSDQ MSFT takes over Yahoo NSDQ YHOO. As such Alibaba has hired advisers to help negotiate greater independence in the event that the deal does go through according to the reports. A key issue has to do with board representation as Yahoos Jerry Yang holds one of the four Alibaba seats.How the companys non-operational holdings get dealt with is an important issue considering the fact that a recent estimate put their value higher Yahoos actual business that was before Microsofts bid came in. Add to the fact that time is of the essence to Microsoft and Chinese regulatory issues start to become significant.RelatedYahoo Operations Worth Less Than Its Assets MSFT Buy Unlikely Analyst]]></description>
		<pubDate>Sun, 17 Feb 2008 21:31:19 -0600</pubDate>
		<guid>http://nobosh.com/s/chinese-regulators-concerned-about-msft-yhoos-effect-on-alibaba/23511/</guid>
		<link>http://nobosh.com/s/chinese-regulators-concerned-about-msft-yhoos-effect-on-alibaba/23511/</link>		
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		<title><![CDATA[Yahoo Sends Letter To Stockholders Explaining Its Refusal On Microsoft Offer]]></title>
		<description><![CDATA[Yahoo NSDQ YHOO is now going full court press it has sent a letter to its shareholders outlining the reasons its board believes that Microsofts NSDQ MSFT proposal significantly undervalues Yahoo and is not in the best interests of Yahoo stockholders. This comes as the company is having talks with News Corp on an alternative deal. One of the reasons Yahoo may be going direct to its shareholders is that Microsoft is possibly planning to do a tender offer that is go direct to Yahoo shareholders and this is Yahoos way of anticipating that and explaining its position.The five key points in the letter-- We are executing our strategy - and making headway-- We remain committed to pursuing initiatives that maximize value for all our stockholders-- Our goal is to grow visits to key Yahoo! starting points and properties where users enter the Internet by 15% per year over the next several years.-- We are striving to increase the percentage of total online advertising demand we touch from an estimated 15% in 2007 to 20% over the next several years.-- These key strategies will be enhanced by our adoption of new more open technology platforms that will encourage the development of new applications and the involvement of third-party developers - and help enrich the user experience.Besides that not much in the letter just talking points.The full letter signed by Jerry Yang pasted belowDear StockholdersOn February 1 2008 Microsoft made an unsolicited proposal to acquire your company. As much has been reported in the press recently I wanted to reach out to you personally to let you know why your Board of Directors after a careful review by Yahoo!s management along with our financial and legal advisors believes that Microsofts proposal substantially undervalues Yahoo! and is not in the best interests of our stockholders.Most importantly I want you to know that your Board is continuously evaluating all of Yahoo!s strategic options in the context of the rapidly evolving industry environment and we remain committed to pursuing initiatives that maximize value for all our stockholders.We have a unique combination of strengths  ... More after the jump???-- Yahoo! is one of the most recognizable and admired brands in the world. We have over 500 million users nearly 1 out of every 2 internet users worldwide. In the U.S. we are # 1 in many of the most used online services including personalized home pages mail news music shopping and travel. Because we have leadership positions in so many indispensable online services users spend more time on Yahoo! sites than anywhere else online.-- Yahoo! is an attractive partner for marketers. Yahoo! is #1 in online display advertising which represents 90% of the advertising inventory on the web and we are also a leader in search marketing and a pioneer in the growing fields of mobile advertising and online video advertising. Through Yahoo! advertisers can now connect with consumers on our owned sites as well as those of our growing network of partners including eBay NSDQ EBAY Comcast NSDQ CMCSA AT&amp;T NYSE T a consortium of over 600 newspapers Forbes.com Cars.com WebMD NSDQ WBMD and more.-- Yahoo! has the financial flexibility to execute our plans thanks to our healthy cash balance which exceeded $2 billion as of December 31 2007 and our substantial operating cash flow which we expect to grow double digits in 2009.-- Yahoo! has made important investments in our core computing infrastructure enabling us to dramatically increase the speed of our search engine updates even while handling vast and growing quantities of data.-- In addition we have the added value of our substantial unconsolidated investments in Japan and China. We have substantial positions in Yahoo! Japan the leader in its market and Alibaba which is strongly positioned in China a market with enormous growth potential.These assets--our brand and its audience our relationships with marketers our financial strength our technology and our strategic investments--are the core of our value and our leadership position in the industry.We have a huge market opportunity - and are uniquely positioned to capitalize on itThe global online advertising market is projected to grow from $45 billion in 2007 to $75 billion in 2010. And we are moving quickly to take advantage of what we see as a unique window of time in the growth - and evolution - of this market to build market share and to create value for stockholders.We are executing our strategy - and making headwayWe have taken significant but disciplined steps to refocus our business on our objectives to become the starting point for the most consumers and the must buy for the most advertisers and enhance Yahoo!s long-term performance.Starting Point Objective Our goal is to grow visits to key Yahoo! starting points and properties where users enter the Internet by 15% per ]]></description>
		<pubDate>Wed, 13 Feb 2008 21:01:34 -0600</pubDate>
		<guid>http://nobosh.com/s/yahoo-sends-letter-to-stockholders-explaining-its-refusal-on-microsoft-offer/22419/</guid>
		<link>http://nobosh.com/s/yahoo-sends-letter-to-stockholders-explaining-its-refusal-on-microsoft-offer/22419/</link>		
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		<title><![CDATA[Record Labels Keep On Trying Sue Baidu For Copyright Infringement Yet Again]]></title>
		<description><![CDATA[Back in December Alibaba the Chinese search engine also known as Yahoo China lost a lawsuit from the recording industry claiming that the search engine facilitated the downloading of unauthorized content.  Its no secret that part of the reason why Alibaba and Baidu have been able to succeed in China is that theyre pretty blatant in helping people find content to download.  What was strange though was at the same time that YahooAlibaba was found guilty Baidu was found not guilty of copyright infringement upholding an earlier decision.  However despite having lost the case it appears that the major record labels have simply turned around and sued Baidu yet again for copyright infringement.  Unfortunately the Reuters writeup doesnt get into the history of the earlier cases one of which ended just over a month ago to explain why the labels can simply turn around and sue again despite having just lost a nearly identical case.                                                 Permalink  Comments  Email This Story]]></description>
		<pubDate>Tue, 05 Feb 2008 14:31:21 -0600</pubDate>
		<guid>http://nobosh.com/s/record-labels-keep-on-trying-sue-baidu-for-copyright-infringement-yet-again/19146/</guid>
		<link>http://nobosh.com/s/record-labels-keep-on-trying-sue-baidu-for-copyright-infringement-yet-again/19146/</link>		
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		<title><![CDATA[Baidu Sohu And Yahoo China Face New Wave Of Music Lawsuits]]></title>
		<description><![CDATA[The music industry is turning up the legal heat on Chinese websites it reckons are flouting its IP. First Universal Sony NYSE SNE BMG and Warner have filed suit against Baidu Chinas biggest web portal demanding it remove links it lists to music files around the web. Second Hong Kong-based EMI spin-off Gold Label Entertainment joins the trio for similar action against Sohu and its Sogou multimedia search site. And third labels say Yahoo NSDQ YHOO China has still not complied with the Beijing Higher Peoples Courts April ruling to remove its deep music links.Labels lost a January appeal against a December decision that Baidu NSDQ BIDU is not breaking music copyright law but the IFPI music industry umbrella reckons a precedent has been set by the Yahoo China ruling which saw the company fined 200000 yuan $27140 and which Yahoo failed to overturn. The Baidu case may have failed but the labels defeated Yahoo on new laws introduced in 2006 that can hold services liable even for content they point to.So now after months of fruitless negotiations the labels are having another go under the new law filing in Beijings No. 1 Intermediate Peoples Court. IFPI Each of the sites is a driver of copyright abuse in China where the huge potential for the online music sector is being stymied by copyright theft. IFPI said it wrote in January to officers and directors of Yahoo in the US which owns 44 percent of Yahoo China along with Alibaba asking them to comply with the earlier ruling - but its now asked the court to enforce compliance.RelatedMusic Companies Lose Appeal Against Baidu on Copyright InfringementChinese Court Upholds Ruling Yahoo Music Site Breaches Copyright Ditto For Baidu]]></description>
		<pubDate>Tue, 05 Feb 2008 05:01:16 -0600</pubDate>
		<guid>http://nobosh.com/s/baidu-sohu-and-yahoo-china-face-new-wave-of-music-lawsuits/18874/</guid>
		<link>http://nobosh.com/s/baidu-sohu-and-yahoo-china-face-new-wave-of-music-lawsuits/18874/</link>		
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		<title><![CDATA[Yahoo China Rumored to Cuts Jobs Restructures Business]]></title>
		<description><![CDATA[According to local media Yahoo NSDQ YHOO China today initiated a company-wide job cut. These job cuts resulted in internal restructuring including the possible closure of Yahoo Chinas new media units. On the other hand Yahoo Chinas main investor Alibaba yesterday announced the formation of its search engine and pay-for-performance advertising team.This story has been provided by our new research partner Pearl Research.]]></description>
		<pubDate>Fri, 25 Jan 2008 00:46:20 -0600</pubDate>
		<guid>http://nobosh.com/s/yahoo-china-rumored-to-cuts-jobs-restructures-business/14747/</guid>
		<link>http://nobosh.com/s/yahoo-china-rumored-to-cuts-jobs-restructures-business/14747/</link>		
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		<title><![CDATA[MFG.com Raises $26 Million From Fidelity Ventures Goes After Alibaba]]></title>
		<description><![CDATA[Mitch Free has a knack for attracting high-profile investors to his manufacturing marketplace MFG.com.  First Jeff Bezos convinced Free to back out of a previous agreement to sell the company and personally invested $14 million in September 2005.  Then Bezos put in some more money along with the German Samwer brothers who founded ...]]></description>
		<pubDate>Tue, 08 Jan 2008 17:46:17 -0600</pubDate>
		<guid>http://nobosh.com/s/mfgcom-raises-26-million-from-fidelity-ventures-goes-after-alibaba/8373/</guid>
		<link>http://nobosh.com/s/mfgcom-raises-26-million-from-fidelity-ventures-goes-after-alibaba/8373/</link>		
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