Turn off the Ad Banner  

To print: Select File and then Print from your browser's menu.

    -----------------------------------------------
This story was printed from CdrInfo.com,
located at http://www.cdrinfo.com.
-----------------------------------------------

Appeared on: Sunday, May 20, 2012
Alibaba Set To Buy $7 Billion Stake From Yahoo

China's largest e-commerce provider Alibaba is reportedly close to an agreement to buy back a 20 percent stake from Yahoo for about $7 billion.

Reducing the Alibaba stake lessens Yahoo?s toehold the world's largest Internet market (China).

Yahoo currently owns a 40 percent stake in Alibaba so the current proposal under discussion would cut that holding in half.

Both Yahoo and Alibaba declined to comment on Bloomberg's report.


Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2024 - All rights reserved -
Privacy policy - Contact Us .