But he is the university equivalent because the football program is like a wholly owned subsidiary, and Fisher manages anoperating division that generates millions in cash receipts from ticket sales, royalties from sales of licensed merchandise worldwide, and goodwill affecting future enrollment and alumni donations.
The plan for the Asian assets would involve Alibaba creating a subsidiary into which it would put several billion dollars of cash, plus anoperating asset that Yahoo wants to buy using additional cash from Alibaba, almost like giving Yahoo a prepaid card for an asset of its choice, the people said.