Yahoo’s Alibaba Windfall: A $15 Billion Payday?
May 7 (Bloomberg) -- Yahoo is selling 208 million shares, or about 40 percent of its Alibaba stake, in the Chinese Internet company’s upcoming initial public offering, and could generate in excess of $10 billion in the process. That would more than double Yahoo’s cash stockpile. Cristina Alesci reports on Bloomberg Television’s “In The Loop.” (Source: Bloomberg)
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Ericsson CEO Vestberg Ousted as Turnaround Stalls
10:49 - Ericsson AB's Hans Vestberg stepped down earlier today after more than six years as chief executive officer. Bloomberg's Kim McLaughlin reports on the sudden change in leadership on "Bloomberg Markets." (Source: Bloomberg)