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

Leeky

TS Evangelist
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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Puiu

TS Evangelist
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.