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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 ...
By Supantha Mukherjee and Abhirup Roy (Reuters) - Yahoo Inc's (YHOO.O) planned spin-off of its stake in Alibaba Group Holding Ltd (BABA.N) is likely to proceed on a tax-free basis, analysts said ...
But what will Yahoo do with it? In a 2012 sale of Alibaba stock, Yahoo garnered $7 billion, most of which went to buying back the latter's own stock, steadying and bolstering its share price.
Alibaba Group Holding Ltd. is near an agreement to buy back a 20 percent stake in itself from Yahoo! Inc. for about $7 billion, said a person with knowledge of the matter. The purchase may pave ...
Yahoo and Alibaba said the negotiations over the Alipay spinoff were underway because neither side looks good in this one. Alipay, China's largest online payment network, is worth billions of dollars.
The latest windfall will be delivered with Alibaba's record-setting IPO completed late Thursday, which is expected raise up to $25 billion for the e-commerce company and its early backers. Alibaba ...