Alibaba Buys Back 20% Stake Held by Yahoo for $7 Billion

Name: Alibaba Buys Back 20% Stake Held by Yahoo for $7 Billion
Uploaded: 2012-05-21T18:35:53+00:00
Duration: 1 min 16 s
Channel: IBTimes
Description: Alibaba has finally reached a truce with Yahoo after the Chinese e-commerce giant is buying back up to half of a 40 percent stake from the U.S. internet group for 7.1 billion dollars, in a deal that moves Alibaba closer to a public listing.

IBTimes

Alibaba has finally reached a truce with Yahoo after the Chinese e-commerce giant is buying back up to half of a 40 percent stake from the U.S. internet group for 7.1 billion dollars, in a deal that moves Alibaba closer to a public listing.

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