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Pakistan briefly bans Twitter access for "blasphemy" - ISLAMABAD (Reuters) - Pakistan banned access to Twitter on Sunday because of "blasphemous" material, a Pakistani official said, but normal service was resumed after 12 hours. The government did not specify which users or messages had prompted the ban on the microblogging site or why it was allowed to operate again so quickly. Any representation of the Prophet Mohammad is deemed un-Islamic and blasphemous by many Muslims, who make up the overwhelming majority in Pakistan. ... 2012-05-21T07:52:38Z
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion -

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...


2012-05-21T06:53:43Z
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion -

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...


2012-05-21T06:53:43Z
Yahoo to sell half of its Alibaba stake for $7.1B -

FILE - In this Aug. 11, 2005, file photo, a man walks past a screen displaying the Yahoo and Ali Baba.com logos before a joint news conference by the companies at the China World hotel in Beijing. Yahoo announced that it has agreed to sell half of its 40 percent stake in Chinese e-commerce company Alibaba for about $7.1 billion. The deal will see Alibaba Group buying back the stake from Yahoo Inc. for $6.3 billion cash and up to $800 million of Alibaba preference shares. (AP Photo/Elizabeth Dalziel, File)Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.


2012-05-21T06:40:51Z
Alibaba in talks to raise $2.3 billion equity for Yahoo deal: sources -

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSINGAPORE/HONG KONG (Reuters) - Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings, to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc., two sources said. Entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Alibaba is looking to raise about a third of the $7.1 billion through issuance of equity to shareholders, one of the sources told Reuters. ...


2012-05-21T06:17:56Z