Subscribe in a reader All eyes will be on Twitter's IPO this week, ITZ takes a look at Yahoo.
Alibaba is preparing for an IPO that analysts expect to raise as much as $15 billion. Yahoo, which owns 24 percent of Alibaba, cut the maximum amount it planned to sell to 40 percent of its stake from a previous sale of half.
Cantor Fitzgerald analysts have a "buy" rating on Yahoo, valued the company's Asian assets, which include Alibaba and Yahoo Japan, at about $29 per share on a fully taxed bases.
The stock closed @ $33.18 - $29 , that would mean you're getting $YHOO for $4.18?
Understanding's the company's stake and the valuation of Alibaba, you realize that Yahoo might still be cheap, and could become an incredibly cash-rich company in the near future. Look for possible acquisitions by Marrissa Mayer ...AOL...Tumblr?
