- Yahoo's (YHOO) gains are in response to Alibaba's (ABABA) confirmation it plans to do a U.S. IPO.
- At a $140B valuation, Yahoo's 24% stake would have a pre-tax value of $33.6B.
- Over in Tokyo, SoftBank (SFTBF) rose 4.9% overnight. At a $140B valuation, its 36.7% stake in Alibaba would have a pre-tax value of $51.4B.
at Zacks.com (Tue, 2:09PM)