Yahoo (YHOO) is selling its 1.1% stake in Alibaba.com for close to $150 million.
Alibaba.com shares nearly quardrupled in the last year, so big Purple looks smart here.
Alibaba.com is a publicly traded subsidiary to Alibaba Group Holding Ltd. Yahoo will retain its 40% stake in the parent company.
Join the conversation about this story »
See Also:
- China's Alibaba To Invade U.S. (AMZN, EBAY, WMT)
- Alibaba Posts Big Q2, But Sees Darker Times Ahead
- Yahoo's Results Not Enough: Need To Sell Alibaba, Merge With AOL
Full story at http://feedproxy.google.com/~r/businessinsider/~3/iR4uwBYFYPk/yahoo-sells-alibabacom-stake-for-150-million-2009-9
Posts
No comments:
Post a Comment