Alibaba denies IPO report, will talk with Yahoo if offering delayed to 2015

An Alibaba (ABABA) spokesman has denied a report stating his company is planning a U.S. IPO, and has hired Morgan Stanley and Credit Suisse to handle the offering.

The spokesman adds Alibaba will renegotiate its deal with 24% owner Yahoo (YHOO +0.5%) in the event its IPO gets delayed beyond 2014.

Kara Swisher previously reported Alibaba has to go public by the end of 2015 to repurchase half of Yahoo's remaining stake, per the terms of their 2012 deal. Since then, the companies have revised their deal to lower the number of shares Yahoo has to sell back at IPO time by 20%.

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Comments (6)
  • Dopey
    , contributor
    Comments (9) | Send Message
    What do we make of this! Will they reduce the amount Yahoo has to sell during IPO to a lower percentage? What is causing the delays in the Alibaba IPO?
    28 Feb 2014, 05:08 PM Reply Like
  • 22643611
    , contributor
    Comments (2099) | Send Message
    Thanks for nothing seekingalpha
    28 Feb 2014, 08:33 PM Reply Like
  • shenodamike
    , contributor
    Comments (6) | Send Message
    This company needs a new PR department. When it's good news, they immediately deny it. When it's bad news, "no comment." Absolutely retarded PR.
    1 Mar 2014, 03:03 AM Reply Like
  • frogie
    , contributor
    Comments (9) | Send Message
    I pressure play to reduce the influence of Yahoo. What will happen to Yahoo stock price with this stratagy . Look out below
    1 Mar 2014, 03:23 AM Reply Like
  • 22643611
    , contributor
    Comments (2099) | Send Message
    I guess this a good news - bad news scenario for YHOO stock holders.
    If the IPO is delayed past 2015 then YHOO appears to have the ability to
    hold a much larger stake in Alibaba. In the meantime my guess is the stock will
    continue to meander downwards from where it is presently.
    1 Mar 2014, 07:14 AM Reply Like
  • SA User 74XXXXX
    , contributor
    Comments (836) | Send Message
    Can WS continue talking the Alibaba hype for ten more months? Yawn, I am falling asleep...
    1 Mar 2014, 09:51 AM Reply Like
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