Yahoo Selling 1.4 Stake In Alibaba’s Website For $150 Million; Stake In Parent Company Unaffected

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Sep 14, 2009 No Comments paidContent 2 Shares

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…

China, E-Commerce, YAHOO, paidContent

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