Aug 11, 2005

Alibaba gets:

$1 billion investment from Yahoo Inc

All of the assets of China Yahoo

Indefinite duration of the exclusive use of the Internet brand "Yahoo" in China

Yahoo gets:

40 percent of Alibaba's profit; 35 percent voting rights

One board seat in Alibaba Group (Alibaba gets two and SoftBank gets one)

Jack Ma remains the CEO of Alibaba

Sept 18, 2012

Alibaba pays:

$6.3 billion in cash and $800 million in preferred stocks to repurchase 50 percent of the Alibaba shares held by Yahoo

A one-time payment of $550 million in cash for technology and intellectual property licensing fees

No more than four years of Alibaba's operation of China Yahoo

The board structure remains at 2:1:1 (Alibaba:Yahoo:SoftBank)

Key Issues not published previously which took effect after October 2010:

Yahoo's voting rights rose from 35 percent to 39 percent, making it the biggest shareholder in Alibaba

The voting right of Jack Ma and other senior executives dropped from 35.7 percent to 31.7 percent

China Daily

(China Daily 09/20/2012 page14)