Yahoo! selling 50% of Alibaba in $7.1bn divorce
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Yahoo! and Alibaba are finally beginning their troubled divorce, with the Chinese e-commerce firm buying out half of Yahoo!’s stake in a $7.1bn deal valuing the company at $35bn overall. Meanwhile, options for Yahoo! to shed its remaining shares are also on the table, with Alibaba required to buy – or allow Yahoo! to sell off – another quarter when it floats for IPO, while Alibaba will also be able to operate Yahoo! China under its partner’s branding for a further four years. »read more
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