Yahoo! to sell stake in China's Alibaba for $7.1 billion

 
Yahoo! to sell stake in China's Alibaba for $7.1 billion
AFP;   May 20, 2012
NEW YORK - After more than a year of tedious negotiations, struggling US Internet pioneer Yahoo! has agreed to sell its stake in Alibaba, China's top e-commerce player, for at least $7.1 billion, the companies announced.
 
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