Yahoo may rethink use of cash from Alibaba deal
SAN FRANCISCO, Aug 9 Yahoo Inc may re-evaluate plans for the cash it gets from a multibillion-dollar sale of half of its 40 percent stake in Chinese Internet company Alibaba Group.
Dec 30 Geeya Technology Co Ltd :
* Says it plans to buy 49 percent stake in a Beijing-based culture & media company (target company) with estimated price of 50.5 million yuan
* Co will use owning stake and debt in another Beijing-based culture and media firm to exchange for the 49 percent stake in the target company
Source text in Chinese: goo.gl/FmMRn7
Further company coverage: (Beijing Headline News)
* Penalty is largest FTC has ever imposed for violating an order