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

Yahoo to sell back half the shares it owns in Alibaba, netting $7.1bn
  • Posted May 21, 2012, 9:00 AM by Lee Kaelin | Filed in Industry News
  • 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 deal will see Alibaba buy back half of the 40%…

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