Yahoo! to sell half of its stake in Alibaba.com

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Yahoo! to sell half of its stake in Alibaba.com

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05-21-2012, 07:25 PM

Yahoo! to sell half of its stake in Alibaba.com

Struggling search giant Yahoo! Inc has agreed to sell half of its 40% stake in Chinese e-commerce group Alibaba for about $7.1 billion. Yahoo! Inc and Alibaba.com today jointly announced that Alibaba will buy back about 20 percent of its own company stake from Yahoo. Alibaba.com will give $6.3 billion in cash and up to [...]

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