Yahoo will collect 7,1 billion dollars from the buyback of the subsidiary Alibaba, the number one e-commerce in China. After about a year of negotiations, an agreement was reached on the basis of which Alibaba agrees to buy back 20% of its shares from Yahoo (which owns 43%) in exchange for $6,3 billion in cash and $800 million in Alibaba preferred stock.
According to the agreement, Alibaba, at the time of the company's public debut, will be able to buy another 10% of shares from Yahoo, at the price established by the IPO, or sell the stake in the same IPO. Alibaba's valuation is about $35 billion.
