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Yahoo! announced today it has reached an agreement with Alibaba Group on a staged and comprehensive plan to unlock the Yahoo's investment in Alibaba. The plan, which was announced in a release ...
Yahoo unveiled plans for a tax-free spinoff of its remaining holdings in Chinese e-commerce giant Alibaba as the company also reported declines in fourth-quarter earnings and revenue.
Yahoo has agreed to sell back half of its stake in Chinese e-commerce site Alibaba, in a $7.6 billion deal.
Yahoo needs to figure out what to do with its Alibaba holdings and divest them responsibly.
SAN FRANCISCO - Yahoo (YHOO) is making amends for years of blundering with one smart move: An early investment in China's Alibaba Group (BABA) that has turned into a multibillion-dollar boon.
Now that Yahoo! Inc. (Nasdaq: YHOO) has sold most of its Alibaba stake, and cash-rich BABA just completed the biggest IPO of all time, will a major tech deal go down - as in, will Alibaba buy Yahoo?