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Yahoo Ponders Over Reducing It’s 40% Stake In Alibaba
Internet giant Yahoo is considering selling a part of its stake in Alibaba, recent reports say. The recently troubled company has a 40% stake in Alibaba Group Holding Ltd and is mulling over the prospect of cutting down the share to 15%.
Yahoo had acquired a 40% stake in Alibaba, based in Hangzhou, eastern China, for about $1 billion in 2005. Alibaba, China’s biggest e-commerce company, wants...
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