Key extracts from this week's Barron's:
....Yahoo! (ticker: YHOO) is paying $1 billion for a 40% stake in a company that last year had just $60 million in sales. Thus, the price is more than 40 times revenue.
....Alibaba's chief financial officer, Joe Tsai, reckons the combined entity is worth some $4 billion....
....Right now, the business-to-business activity is "very profitable," he says. It generated revenues, based on U.S. generally accepted accounting principles, of $40 million and, on a cash basis, over $60 million.
....At the moment, Alibaba has no plans to go public....Comment: You can read the rest of the Barron's article here (subscription required).
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