ADVFN - Advanced Financial Network.
HOME» NASDAQ » Y » YHOO Stock Price » YHOO Stock News

Yahoo! Inc. Share News

 Yahoo! Inc. (mm) Stock Price
YHOO Stock Price
 Yahoo! Inc. (mm) Stock Chart
YHOO Stock Chart
 Yahoo! Inc. (mm) Stock News
YHOO Stock News
 Yahoo! Inc. (mm) Company Information
YHOO Company Information
 Yahoo! Inc. (mm) Stock Trades
YHOO Stock Trades

Yahoo Reconsidering Plans To Return Alibaba Windfall To Holders

--Filing reveal strategic review by CEO Mayer --Yahoo previously said it would return proceeds from the asset sale to shareholders --Company hasn't announced any final decisions By Drew FitzGerald Yahoo Inc. (YHOO) warned Thursday that as part of a corporate review by new Chief Executive Marissa Mayer, the company may change its plans to return to shareholders most of the proceeds expected from the sale of a stake in Chinese Internet giant Alibaba Group Holding Ltd. In May, Yahoo agreed to sell half of its 40% stake back to the Chinese e-commerce company for $7.1 billion and said it would return "substantially all" of the after-tax proceeds, estimated at the time to be at least $4.2 billion, to shareholders. As late as the company's earnings call last month, Yahoo said it planned to return those proceeds to shareholders through stock buybacks. In a regulatory filing Thursday, Yahoo said Mayer's review of the company's business strategy "may lead to a re-evaluation of, or changes to, our current plans, including our restructuring plan, our share repurchase program" and the previously announced plans on handling the Alibaba proceeds. The comments spooked investors, who had applauded the Alibaba move in May. Yahoo shares slid 3.5% to $15.45. A Yahoo spokeswoman wasn't immediately available for comment. Ms. Mayer, a former Google executive, last month became Yahoo's sixth chief executive in five years. The potential about-face in Yahoo's spending plans falls in line with Ms. Mayer's technology-heavy background, ThinkEquity analyst Ron Josey said, but it still caught some investors by surprise. He noted a lot of shareholders bought the stock thinking that Yahoo was going to start a multibillion-dollar buyback plan. Yahoo Thursday didn't detail any decisions about its strategic direction, though its filing lets management spend its existing cash on uses other than those detailed over the past few months. "She didn't come here to wind the company down," Mr. Josey said. "She came here to restore Yahoo to what it used to be." Write to Drew FitzGerald at andrew.fitzgerald@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Yahoo! Inc. (YHOO)
DateTimeHeadline
09/16/201400:23:51MARKET SNAPSHOT: U.S. Stocks Open Lower; Yahoo Rises
09/15/201419:54:26MARKET SNAPSHOT: U.S. Stocks: Futures Flat As Investors Wait...
09/15/201409:44:04MARKET SNAPSHOT: U.S. Stocks: Futures Nudge Lower As Investors...
09/12/201416:40:35TECH STOCKS: Apple, EBay Gains Can't Blunt Other Tech Losses
09/12/201415:17:53TECH STOCKS: Tech Stocks On A Mixed Trading Path
09/11/201416:57:39TECH STOCKS: JDSU, Pandora Lead Broad Tech Gains
09/10/201416:40:43TECH STOCKS: Apple, Twitter Gains Stand Out Among Tech Stocks
09/09/201402:13:03TECH STOCKS: GoPro, Yahoo Lead Tech's Broad Advance
09/09/201402:09:40MARKET SNAPSHOT: U.S. Stocks End Mostly Lower; Yahoo Rallies
09/09/201402:03:09MARKET SNAPSHOT: U.S. Stocks Fall; S&P 500 Dips Below 2,000
09/09/201401:53:44TECH STOCKS: GoPro, Yahoo Pace Early Tech Gains
09/09/201401:49:28MARKET SNAPSHOT: U.S. Stocks Open Lower; Deals In Focus
09/09/201400:48:43MARKET SNAPSHOT: U.S. Stocks: Futures Slip; Multimedia Games...
09/08/201420:48:47U.S. Stock Futures Lower
09/05/201417:39:13TECH STOCKS: Apple, GoPro Gains Help Boost Tech Stocks
09/05/201411:39:24TECH STOCKS: Apple Among Few Gainers In Weak Tech Action
08/29/201419:35:31Apple's New Whiz Kids
08/28/201417:00:13TECH STOCKS: Techs Follow Market Down On Ukraine Fears
08/28/201414:13:56TECH STOCKS: Tech Stocks Retreat Amid Market's Ukraine Fears
08/27/201417:46:22TECH STOCKS: Facebook Leads Tech Stocks Lower

Yahoo! Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad