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Alibaba to buy South China Morning Post

2015-12-11 14:23:20| BBC News | Business | UK Edition

Chinese internet giant Alibaba confirms it has struck a deal to buy Hong Kong's popular English-language newspaper, the South China Morning Post.

Tags: post buy south china

Yahoo going back to the drawing board with Alibaba spinoff

2015-12-09 21:07:38| Apparel - Topix.net

Yahoo's long-running identity crisis is spiraling in a new direction now that the company is abandoning a year's work on a tax-dodging spinoff to pursue an alternative path that will carve off its Internet business instead. The about-face announced Wednesday opens another chapter in the dysfunctional drama that has been swirling around Yahoo for most of the past decade and raises more questions about the fate of websites and mobile applications used by hundreds of millions of people around the world.

Tags: with back board yahoo

Yahoo scraps Alibaba spinoff amid investor pressure

2015-12-09 17:46:57| IT Services - Topix.net

Yahoo Inc. scrapped its long-planned spinoff of shares in Alibaba Group Holding Ltd. amid mounting pressure from investors concerned about the tax risks of the deal. Instead, the Web portal will package all of its other assets into a new publicly traded company, Yahoo said in a statement Wednesday.

Tags: yahoo pressure investor alibaba