Alibaba announced that it had completed the repurchase of its shares from Yahoo In a transaction worth approximately $7.6 billion.
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Alibaba is probably forking an open source project without giving back, and Google is threatening Acer (Alibaba’s partner) to save the Android ecosystem, especially the Open Handset Alliance, which can take a blow from this move by Alibaba. It is hard to decide who is less wrong here.
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Alibaba, the Chinese e-commerce giant, is raising close to $8 billion, in order to buy back nearly 20% of its stake from Yahoo for $7.1 billion.
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