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Back to Home » May 2012 News » Yahoo to sell half of its Alibaba stake for $7.1B |
Yahoo to sell half of its Alibaba stake for $7.1B |
May 21, 2012
HONG KONG (AP) -- Yahoo Inc. has agreed to sell half of its 40 percent stake in Chinese e-commerce group Alibaba for about $7.1 billion, and the struggling U.S. Internet company said it would return most of the cash to shareholders....
Source URL: http://hosted.ap.org/dynamic/stories/A/AS_YAHOO_ALIBABA?SITE=ORLAG&SECTION=HOME&TEMPLATE=DEFAULT
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