Yahoo set to outline cost-cutting efforts: WSJ

By Reuters News — 1 year ago

Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was briefed on the plan.


Alibaba leads $280 mln investment in Tango

By Alastair Goldfisher — 2 years ago

The Alibaba Group, a Chinese e-commerce giant that is preparing a highly anticipated IPO in the United States, has led a $250 280 million investment in Tango, a Mountain View, Calif.-based developer of messaging and other mobile services. Tango said Alibaba invested $215 million with the additional $65 million coming from some of Tango’s prior investors. Tango previously raised $87 million from Access Industries, Draper Fisher Jurvetson, Qualcomm Ventures, Toms Capital, Translink Capital and individual investors Bill Tai, Shimon Weintraub, Jerry Yang, Alex Zubillaga and others. With the latest round, Tango has now raised $367 million in total funding. Alibaba’s investment in the mobile app developer comes about a month after Facebook agreed to buy WhatsApp, a provider of mobile messaging services, for $19 billion in cash and stock.


Softbank unit invests in Alibaba-backed TutorGroup – Reuters

By Reuters News — 2 years ago

An online education company backed by Alibaba Group has said a unit of Softbank Corp has made a strategic investment in the company for an undisclosed amount, writes Reuters. The investment in TutorGroup from SBI Group, formerly known as Softbank Finance Group and one of Asia’s biggest venture capital firms, follows a capital raising of nearly $100 million for TutorGroup in February from Alibaba, Singapore state investor Temasek Inc and China’s Qiming Venture Partners.


Yahoo and Alibaba Talks Hit the Rocks

By Angela Sormani — 4 years ago

Talks between Yahoo and China’s Alibaba Group over Yahoo’s Asian assets have come to a stand-still, throwing plans for a $17 billion tax-free asset swap into question, writes Reuters. The hitch in negotiations came on the same day activist investor Daniel Loeb, of hedge fund ThirdPoint, sought to install his own directors on Yahoo’s board, […]


VCs Sidelined on SecondMarket Buy-side to Start ‘11

By Jonathan Marino — 5 years ago

High net worth individuals are in and VC firms are out. That’s the showing from SecondMarket’s Q1 private stock data, which the auction system released today. After making 40% of investments conducted on SecondMarket’s platform in the fourth quarter of 2010, VC firms accounted for none of its transactions to start 2011. High net worth […]