Yahoo to sell half of its Alibaba stake for $7.1B

Discussion in 'World Events' started by NewsBot, May 21, 2012.

  1. NewsBot

    NewsBot News is Me

    HONG KONG (AP) -- Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders....

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