/// Yahoo Returning $3.65 Billion to Shareholders, but in Buybacks or Dividends?
Yahoo CEO Marissa Mayer has decided what to do with most of the money it made from the divestiture of its Alibaba stake : Return it to the company’s shareholders. In an announcement issued moments ago detailing the Alibaba agreement, Yahoo said it will return approximately $3.65 billion in after-tax proceeds to shareholders. That’s about 85 percent of what it made on the deal. It will keep the remainder, about $650 million. “This outcome is terrific for Yahoo,” Yahoo CEO Marissa Mayer said in an all-hands memo to employees. “It generates liquidity to create substantial value for our shareholders, while retaining a meaningful amount in the company to invest in our future
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Yahoo Returning $3.65 Billion to Shareholders, but in Buybacks or Dividends?
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- 03/16/2014 • China Online Giants Head for IPOs in New York
- 11/19/2013 • Yahoo Increases Share Buyback Plan to $5 Billion and Announces Debt Deal
- 10/15/2013 • Earnings and Revenue Down — Yahoo Delivers on Expected Lackluster Quarter