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

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