Alibaba.Com Limited (ALBCF.PK) Stock

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Monday 12:26 PM BGC upgrades Yahoo (YHOO +0.8%) to Buy after it finally concludes (I, II) its share-repurchase deal with Alibaba (ALBCF.PK). In addition to the deal, BGC is upbeat about Yahoo's new board, which includes Dan Loeb and 2 other Third Point nominees, arguing it will speed up decision-making, increase Yahoo's media focus, and reduce the likelihood of dilutive acquisitions and questionable product forays.
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Monday 12:50 AM Alibaba agrees to repurchase a 20% stake in itself from Yahoo (YHOO) for ~$7.1B. Yahoo will receive at least $6.3B in cash and up to $800M in newly-issued Alibaba preferred stock. At the time of an IPO, Alibaba will be required to ultimately buy back 25% of Yahoo's current stake, or let Yahoo sell those shares in the offering. Alibaba will make an upfront royalty payment of $550M and continuing royalty payments for up to four years. (PR) (previously)
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Sunday 8:44 PM Kara Swisher (who else?) reports Yahoo's (YHOO) board - Dan Loeb included - has approved a taxable deal to sell half its 40% stake in Alibaba (ALBCF.PK) for $7B. Post-tax, Yahoo will net ~$4B, which it will use to buy back its own shares. Swisher adds "medium-term incentives" have been given to Alibaba to float an IPO, including the right to buy back half of Yahoo's remaining 20% stake. (previous)
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Saturday 3:38 PM Yahoo (YHOO) will announce its rumored deal to sell part of its Alibaba (ALBCF.PK) stake back to the company tomorrow, reports Bloomberg's Serena Saitto. She adds the deal will pave the way for an Alibaba IPO within 18 months - that might please Dan Loeb.
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Friday 12:56 PM As Yahoo (YHOO +5.4%) rallies on a report it's nearing a sale of half it's Alibaba (ALBCF.PK) stake for ~$7B, interim CEO (for now, anyway) Ross Levinsohn is putting his mark on the company. In a memo, Levinsohn discloses global media & commerce chief Sam Shrauger, just recently hired by Scott Thompson from PayPal, has been replaced with Americas media chief Mickie Rosen. Also, e-commerce exec Mollie Spillman is replacing Carol Bartz appointee Penny Baldwin as CMO.
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