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Investing

Troubles Mounting in Yahoo! Asia Deals (YHOO)

Photo of Jon C. Ogg
By Jon C. Ogg Published

This story just gets stranger and stranger, and it feels as though it is generated by news sources quoting blogs who are also referring back to sources.  Call it what you wish, but it is having an impact.  All Things D is reporting that Yahoo! Inc. (NASDAQ: YHOO) and its Asian partners have “hit a ground-breaking impasse” over coming to terms that would result in a large cash infusion into Yahoo! if it can monetize its stake in Alibaba or in Yahoo! Japan.

Yahoo! is under new leadership and it has been seeing an exodus of members from its board of directors.  Whether that has anything to do with these developments is or is not the case is unknown, but the situation is not looking better.

Yahoo! shares are now down 4% at $15.42 on over 25 million shares.  its 52-week trading range is $11.09 to $18.84.

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Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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