Yahoo CEO paid most of the proceeds from Alibaba to investors

Fri Apr 06, 2018 9:16 am

Yahoo has officially completed the sale of shares with Internet company Alibaba. After deducting taxes and other surcharges, Yahoo earned $ 4.3 billion.
In the notice sent to all of its employees. Mayer said that Yahoo will spend $ 3.65 billion to return to investors. Yahoo will hold $ 650 million.
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"The results of the Alibaba deal are a happy ending to Yahoo," said Mayer. We can both give back some of our value to our investors, and keep a substantial amount of money to develop our current plans. Exactly, currently we still hold 23% of Alibaba's shares. Yahoo will still benefit in the future, once Alibaba officially listed (IPO) "
It may take a long time for Yahoo shareholders to celebrate this occasion. Yahoo stock price is rising to the ceiling.
In addition, Yahoo is currently planning to resell Yahoo! shares. Japan. Yahoo seems to be moving in the right direction under the female CEO of Mayer.