Yahoo has received a healthy sum of much-needed cash now that its Alibaba deal has official closed.
Under the terms of the deal, Chinese e-commerce company Alibaba has paid Yahoo $7.6 billion to buy back half of the 40 percent of its shares that were owned by Yahoo. Yahoo received around $6.3 billion in cash and $800 million in preferred Alibaba shares. Alibaba has also paid Yahoo a one-time cash amount of $550 million related to an existing technology license agreement between the two.
Alibaba now has the right to buy back the other half of Yahoo's … Read more