Alibaba repurchases a half of Yahoo stake

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Source: BBC
Yahoo announced that it agreed to sell half of its 40% stake back to Alibaba. Yahoo will raise about 7.1 billion US Dollars from the deal. Alibaba will pay 6.3 billion US Dollars in cash and 800 million US Dollars in preferred stock. The agreement will allow Alibaba to think about IPO while Yahoo will be able to buy back some of its shares and pay dividends.


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Mon, 21 May 2012 08:22:38 GMT

Australia and Malaysia to create free trade zone

Australia and Malaysia are set to sign free trade agreement on Tuesday, said Craig Emerson, Australia's Trade and Competitiveness Minister. The new agreement will allow 97.6% Malaysian goods imports from Australia to exempt from tariffs while the figure may climb to 99% by 2015. Closer economic ties between Austria and Malaysia will improve economic environment for Australian exporters of wide

Mon, 21 May 2012 08:00:39 GMT

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