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Yahoo to sell back half the shares it owns in Alibaba, netting $7.1bn

By Leeky
May 21, 2012
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  1. After years of negotiations, US internet company Yahoo announced it has reached a deal to sell part of its stake in China's biggest internet company, Alibaba Group Holdings Ltd. The...

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  2. Puiu

    Puiu TS Evangelist Posts: 1,769   +471

    So they are selling the only business that yahoo actually expects to grow a lot in the near future? Do they really need the cash that badly? I do study economics and I just don't understand how yahoo does business.
     
  3. mosu

    mosu TS Guru Posts: 410   +43

    No1 does!
     

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