Create a free Manufacturing.net account to continue

Yahoo Nears Deal Over Stake in Alibaba

Yahoo is a hair's breadth away from a deal to sell part of its stake in Alibaba back to the Chinese company for $7.1 billion, finally succeeding after multiple attempts to wind down a seven-year relationship that had recently soured.

Yahoo Inc. is a hair's breadth away from a deal to sell part of its stake in Alibaba Group Holding Ltd. back to the Chinese company for $7.1 billion, finally succeeding after multiple attempts to wind down a seven-year relationship that had recently soured.

SOURCE

More