Yahoo shares increase on probable bid of Alibaba

Note: This section contains information in English only.
Source: BBC
© Scanpix/Reuters

Shares of Yahoo increased after announcements that China's Alibaba Group, one of the largest China's internet companies, is planning to place a bid to have a stake in Yahoo. Yahoo shares jumped by 3.3% on the Nasdaq exchange. Unknown sources claim Alibaba is ready to pay about $20 per share that is higher than yesterday's  close of $16.23 a piece. Alibaba has not made a decision yet, said John Spelich, spokesman of Alibaba Group.

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Fri, 02 Dec 2011 12:19:55 GMT

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