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- Nine years ago, before Yang was CEO of Yahoo, he spent $1 billion of Yahoo's money for 30% of Ma's company.
www.forbes.com › sites › parmyolsonFinding Alibaba: How Jerry Yang Made The Most Lucrative Bet ...
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Sep 30, 2014 · Nine years ago, before Yang was CEO of Yahoo, he spent $1 billion of Yahoo's money for 30% of Ma's company. He knew the asset would be hugely valuable someday and refused to sell...
In 2005, under Yang's direction but before he took over as CEO in 2007, Yahoo! purchased a 40% stake in Alibaba for $1 billion plus the assets of Yahoo! China, valued at $700 million. [4] In 2012, Yahoo! sold a portion of its stake in Alibaba for $7.6 billion. [12]
Jul 25, 2016 · In 2005, Yahoo cofounder Jerry Yang pulled off what would be one of the greatest strategic investments in tech history: he arranged for Yahoo to spend $1 billion for a 40% stake in fledgling...
2 days ago · Yang served as Yahoo's CEO from 2007 to 2009; he left Yahoo's board in 2012. In 2017, he and his wife, Akiko Yamazaki, pledged $25 million to San Francisco's Asian Art Museum, the largest gift in ...
Mar 21, 2018 · (The Apple idea didn’t get much traction, he adds.) And Yahoo spurned offers—most famously when then CEO Jerry Yang aggressively rejected Microsoft’s attempts to buy Yahoo for $44.6 billion ...
He needed the vindication: Yang was supposed to be the Steve Jobs founder hero coming in to save Yahoo! back in 2008. He initially turned down a $40 billion acquisition by Microsoft, was eventually ousted as CEO, and Yahoo!’s long slide continued.
He was CEO of the company from 2007 till 2009 though throughout this time he was very much criticized by several investors as the stock prices and revenues did not rise. The situation worsened when he refused Microsoft’s offer of buying Yahoo! for 47 billion dollars.
