10-Q Watch: Yahoo: Q3 Acquisitions; Alibaba.com Stake
By Joseph Weisenthal - Fri 09 Nov 2007 01:18 PM PST
Through the first nine months of the year, Yahoo (NSDQ: YHOO) spent $58 million on four deals described as asset acquisitions, according to the company’s latest 10-Q. As of Q307, the company had spent $54 million on three such acquisitions, with $4 million in spending unidentified. This may have been BuzzTracker, a news aggregator purchased in September. Yahoo also did two bigger deals, described as business combinations, worth $108 million during the quarter. Though unidentified, one of these deals was likely college sports network Rivals.com, which went for $100 million. Right Media also closed in the quarter, although that is mentioned separately.
-- After the end of the quarter, the company closed its acquisitions of Zimbra and BlueLithium for $350 million and $300 million respectively.
-- The filing confirms Yahoo’s purchase of a 1 percent stake in Alibaba.com. The company spent $100 million for 57.5 million shares coming out out to $1.74 per share, which is exactly what the Alibaba.com IPO ultimatley priced at.
