Yahoo Jumps on Green Line, Report Of Deal On Asian Assets- YHOO, DELL, EBAY, MSFT, GOOG
Yahoo! Inc. (NASDAQ:YHOO) stock surged on Friday over 5% following a report that it was close to lastly liquidating much of it stake in Chinese Internet giant Alibaba Group Holding Ltd.
Yahoo! Inc. (YHOO) is in talks to sell around 20% of Alibaba Group Holding Ltd. back to the Chinese Internet firm for around $7 billion, a person with knowledge of the matter reported.
A contract may be reported as soon as coming week, although an contract may not be reached, reported the person, who refused to be identified for the reason that the matter is private. Yahoo has approach close to selling the stake before, only to have negotiations collapse, person added.
Yahoo has a board meeting on Friday to assess the transaction and will consider a dividend payment, AllThingsD reported earlier.
A spokeswoman for Yahoo, Dana Lengkeek and John Spelich spokesman for Alibaba refused to comment.
Financial Review: NASDAQ:YHOO stock in current session held volume of 19.93 million shares as compare to its average volume of 15.87 million shares. The stock after opening at $15.78 hit high price of $15.87 and then traded at $1561 by scoring +4.98% at 12:37PM EDT.
As the revenue measures YHOO generated revenue of 4.99 billion in the following twelve months income of $1.11 billion. The Company showed a positive 11.19% in the net profit margin and in addition to in its operating margin which remained 15.63%. Company’s annual sales growth for the past five year was -4.95%.
The YHOO past twelve months price to sales ratio was 3.63 and price to cash ratio remained 1.38. As far as the returns are concern, the GOOG return on equity was recorded as 8.67% and surged 4.08% return on investment while its return on asset stayed at 3.74%.
Turning towards the investors who viewing Yahoo against Dell Inc. (NASDAQ:DELL) small declined -0.44%, eBay Inc (NASDAQ:EBAY) lost -0.54%, Microsoft Corporation (NASDAQ:MSFT) slid -0.71%, Google Inc (NASDAQ:GOOG) edged up 0.24%.