Yahoo Selling 1.4 Stake In Alibaba’s Website For $150 Million; Stake In Parent Company Unaffected
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Sep 14, 2009
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Now that restrictions related to the sale of Alibaba’s stock have been lifted, Yahoo (NSDQ: YHOO) is unloading its 1.4 percent stake in China e-commerce site Alibaba.com for $150 million, WSJ reported. The sale in the site is separate from the roughly 40 percent stake Yahoo holds in its parent, The Alibaba Group, which is therefore not affected…
