Alibaba Group Holding Limited(BABA)- NYSE
  • Fri, Jul. 22, 12:44 PM
    • Leaks that Verizon (VZ +1%) continues to be the front-runner to close a deal for core Yahoo (YHOO +1%) have the telecom spending about $5B on the deal, vs. an earlier $3.75B-$4B.
    • While earlier Verizon interest excluded Yahoo's patent portfolio and real estate, the current talks do reportedly include the real estate.
    • Yahoo had set aside about 3,000 patents into a subsidiary called Excalibur for separate auction by Black Stone IP, though other bidders like AT&T (T +1.5%) or a group with Quicken Loans' Dan Gilbert (still reportedly talking with Yahoo) or an aggressive TPG might yet want to buy the IP along with core assets.
    • The deal would be a "great outcome," Piper Jaffray analyst Gene Munster says, with time of the essence since "the real value here is unlocking Yahoo Japan and Alibaba (BABA +0.1%) in a cash-free transaction. And they really need to get that done before the election."
    • The $5B figure is still a bit low, Munster says, as he expects the deal to be around $6B. "If you look at the tax benefit for Yahoo Japan and Alibaba, that's about a $10B or $11B tax benefit, so a billion dollars here and there doesn't make much difference; there's still upside to Yahoo shares."
    | Fri, Jul. 22, 12:44 PM | 35 Comments
  • Wed, Jun. 15, 8:37 AM
    • Shari Redstone, has been in direct contact with Alibaba (NYSE:BABA) founder Jack Ma in connection to a sale of Paramount Pictures, sources told the NY Post.
    • Meanwhile, National Amusements - Viacom's (VIA, VIAB) controlling shareholder - has started talks with investment banks about the Paramount sales process to gather more information about a potential deal.
    • Viacom had hoped to use the proceeds from the expected $7B sale of 49% of the studio to pay down debt and perhaps boost its share price by $10.
    • Sources also said the Redstones have reached out through back channels to DreamWorks (NASDAQ:DWA) CEO Jeffrey Katzenberg to see if he has an interest in running Viacom.
    | Wed, Jun. 15, 8:37 AM | 12 Comments
  • Wed, May 18, 1:46 PM
    • Hong Kong regulators say Alibaba Group (NYSE:BABA) broke takeover rules in its 2014 investment into CITIC 21CN with a "special deal" that favored a brother of the healthcare firm's vice chairman.
    • The $170M investment into CITIC, now known as Alibaba Health Information Technology, came with an agreement to also buy Hebei Huiyan Medical Technology from Chen Wen Xin, younger brother of CITIC vice chairman Chen Xiao Ying.
    • That's a "clear breach of the Takeovers Code," says the Takeovers and Mergers Panel with Hong Kong's Securities and Futures Commission.
    • Alibaba is considering an appeal of the ruling, saying a 533% surge in Alibaba Health means "no Alibaba Health shareholder has been unfairly affected."
    • Now read Anti-Piracy Group Pulls Out Welcome Mat From Under Alibaba »
    | Wed, May 18, 1:46 PM | 4 Comments
  • Thu, May 12, 11:35 PM
    • Alibaba (NYSE:BABA) and SoftBank (OTCPK:SFTBY) have teamed up on a joint venture -- SB Cloud Corp. -- to launch cloud computing services in Japan.
    • The venture will use technologies and solutions from the Alibaba Cloud unit and open a new data center in Japan. Alibaba's cloud experience will combine with an extensive customer base at SoftBank.
    • The two will offer services ranging from data storage and processing to enterprise middleware and security service.
    • SoftBank is Alibaba's largest shareholder; it will have a 60% stake in the venture, with Alibaba holding the rest.
    • SoftBank shares are down 2.4% in Tokyo at midday.
    • Now read The Gaps In Chanos' Short Position In Alibaba »
    | Thu, May 12, 11:35 PM | 9 Comments
  • Wed, Apr. 20, 10:59 AM
    • With Yahoo's (YHOO +3%) first-round bid shortlist out, where was Daily Mail & General Trust (OTCPK:DMTGY)? The operators of the world's most-visited English-language website were a prominent late arrival to the Yahoo bidding scene, but took a back seat (joined by IAC, Comcast and Time Inc.) to Verizon, YP, Rakuten and private equity.
    • Daily Mail now says it didn't put a bid in with Yahoo by Monday's deadline, but it is in talks with parties interested in Yahoo. The publisher is up 0.6% in London.
    • Yahoo's process may become a full-fledged saga for 2016. Not only is the existing sale process quite likely to run into June, but secondary interest in the resulting asset mix from the likes of Alibaba (BABA +0.7%), SoftBank (OTCPK:SFTBY -0.1%) and Daily Mail could mean even more transfers of businesses ahead.
    • Alibaba had a strong (if less dramatic) case to become a dark horse, since it may have been able to pull off the functional equivalent of a highly tax-advantaged buyback.
    • Now read Yahoo: Who's Ready To Take On A Legacy Digital-Native Media Turnaround? »
    | Wed, Apr. 20, 10:59 AM | 15 Comments
  • Tue, Apr. 19, 8:39 PM
    • Yahoo (NASDAQ:YHOO) didn't say anything about its sales process during its Q1 earnings webcast, and swore off giving any updates along the way.
    • But speculation about the shortlist is mostly on the mark, according to the latest from Reuters, which says Verizon's (NYSE:VZ) there (with help from Guggenheim, LionTree, Allen & Co.), along with Yellow Pages owner YP -- which has backing from AT&T (NYSE:T) on the bid, sources said.
    • Japanese online retailer Rakuten (OTCPK:RKUNY) is a new name that's kicking tires as well. Among private equity, Apax Partners, TPG, Bain Capital, Apollo Global Management (NYSE:APO) and Warburg Pincus are all accounted for, and may be allowed to team up in round 2.
    • No two offers were identical, sources said, so Yahoo now must look at the structures, assets and offers to sort out value -- hopefully in time to wrap up in June.
    • SoftBank (OTCPK:SFTBY) and Alibaba (NYSE:BABA) aren't taking part -- but they could get involved with the company after the fate of its core assets is settled.
    • YHOO wrapped an after-hours session up 1.1%.
    • Now read Yahoo: Who's Ready To Take On A Legacy Digital-Native Media Turnaround? »
    | Tue, Apr. 19, 8:39 PM | 32 Comments
  • Tue, Apr. 5, 4:25 PM
    • The buyout of Youku Tudou (NYSE:YOKU) by Alibaba (BABA -2.2%) is complete, the company says, following last month's shareholder approval.
    • The deal, about $4.2B, was completed through a merger with Alibaba merger subsdiary Ali YK Subsidiary Holding Limited. Barring excluded shares, shareholders received the equivalent of $27.60 per ADS in merger consideration.
    • The company has requested that trading ADS on the NYSE be suspended.
    • Now read Alibaba Group: The Most Attractive Growth Stock In 2016 »
    | Tue, Apr. 5, 4:25 PM | 5 Comments
  • Wed, Feb. 24, 3:56 PM
    • With Viacom (VIA +1%, VIAB +0.3%) looking to sell a strategic stake in Paramount Pictures, who could be interested in buying?
    • Foreign investors are likely, amid a wave of investment in Hollywood from overseas. China's Perfect World is putting $250M into a development slate at Universal, while in-country counterpart Bona Film Group said in November it was putting $235M into a slate at Fox.
    • Analysts suggest the studio is worth about $5.5B today, notes The Hollywood Reporter, so a minority stake could still come to $2B. Viacom paid $9.8B for the studio a dozen years back.
    • Major conglomerates like Alibaba (BABA +0.6%), Dalian Wanda and Fosun (OTCPK:FOSUF) have an appetite for Hollywood deals -- and Wanda already owns cinema chain AMC and producer Legendary Entertainment, while exploring a stake in Lions Gate. A key interest with those firms is ability to get Paramount products into China, where Transformers is a major phenomenon. Tencent (OTCPK:TCEHY +0.2%) has similar international media appetites.
    • Fosun is trying to buy Bona and take it private, which would give it Bona's entry into Fox's slate.
    • Back home, Lions Gate (LGF +8.8%) is now a frequent source of tie-up rumors -- and is on the move today amid Amazon.com (AMZN +0.1%) content-deal chatter. Both Lions Gate and Amazon could use a piece of Paramount for different reasons.
    • Meanwhile, Apple (AAPL +1.5%) has been floated as a possible bidder for Time Warner, as it may be shopping for content to feed TV dreams -- but a stake in Paramount would come far cheaper than trying to swallow Time Warner whole for $50B-$80B.
    • Previously: Viacom, up 5%, confirms Paramount investment feelers (Feb. 23 2016)
    | Wed, Feb. 24, 3:56 PM | 5 Comments
  • Dec. 14, 2015, 2:10 AM
    • Disclosing a price tag for the South China Morning Post, Alibaba (NYSE:BABA) said it paid HK$2.06B ($266M) for the 112-year-old newspaper and other media assets of SCMP Group (OTCPK:SCPXY).
    • In the same filing to the Hong Kong stock exchange, SCMP cited an "uncertain" future for traditional publishing as a key reason behind the sale, adding that Alibaba would likely be able to "unlock greater value" from the business.
    • Previously: Alibaba lands South China Morning Post (Dec. 11 2015)
    | Dec. 14, 2015, 2:10 AM | 18 Comments
  • Dec. 11, 2015, 8:14 AM
    • It's shades of Jeff Bezos and The Washington Post as Alibaba (NYSE:BABA) agrees to acquire the South China Morning Post and other media assets of the SCMP Group (though Bezos' investment was his own, not Amazon's).
    • The 112-year-old SCMP is Hong Kong's leading English-language newspaper.
    • "Why is Alibaba buying into traditional media, considered by some a sunset industry," asks Alibaba's Joseph Tsai, in a letter to SCMP readers. "The simple answer is that we don't see it that way."
    | Dec. 11, 2015, 8:14 AM | 21 Comments
  • Dec. 8, 2015, 3:43 PM
    | Dec. 8, 2015, 3:43 PM | 5 Comments
  • Dec. 3, 2015, 7:05 AM
    | Dec. 3, 2015, 7:05 AM | 12 Comments
  • Nov. 26, 2015, 3:48 AM
    • Alibaba (NYSE:BABA) is in talks to buy Hong Kong's leading English language newspaper, the 112-year-old South China Morning Post.
    • On Monday, Bloomberg reported that Alibaba executive chairman Jack Ma was in advanced talks to take a stake in SCMP, but sources have told Reuters that the talks involve Alibaba rather than a private investment by Ma.
    • It would not be the first time new technology has seen potential in old media. Two years ago, Amazon boss Jeff Bezos surprised many when he bought The Washington Post for $250M.
    | Nov. 26, 2015, 3:48 AM | 17 Comments
  • Nov. 6, 2015, 7:05 AM
    • Alibaba (NYSE:BABA) announces it will acquire Chinese online media provider Youku Tudou (NYSE:YOKU) for $27.60 per ADS. Shares of Youku Tuduo popped in October off of the original announcement of a go-private offer from Alibaba.
    • The transaction is expected to close in Q1 of 2016.
    • Previously: Youku Tudou up 24% following Alibaba buyout offer (Oct. 16 2015)
    | Nov. 6, 2015, 7:05 AM | 15 Comments
  • Nov. 3, 2015, 10:01 AM
    • Sina (SINA +4.3%) and subsidiary Weibo (WB +3%) are higher amid speculation (apparently fueled by an analyst note) Alibaba (NYSE:BABA) will make a bid for Sina.
    • The companies are less than three weeks removed from jumping in response to Alibaba's bid to acquire online video leader Youku. They fell last week thanks to Citi downgrades.
    | Nov. 3, 2015, 10:01 AM | 6 Comments
  • Oct. 16, 2015, 9:12 AM
    • Youku Tudou (NYSE:YOKU) is up 23.8% premarket following Alibaba's (NYSE:BABA) offer to buy the rest of the company -- "China's YouTube" -- at a 30%-plus premium.
    • Key Youku shareholders -- including founder and CEO Victor Koo and Chengwei Capital -- have entered a support agreement to vote their shares in favor of the $3.6B cash offer, which values Youku at $4.2B.
    • The board is forming a committee of (a pair of) disinterested directors to consider the deal.
    • BABA is up 0.5% premarket.
    | Oct. 16, 2015, 9:12 AM | 9 Comments