Yahoo sells half of Alibaba stake

Yahoo has agreed to sell half of its 40% stake in Chinese e-commerce group Alibaba for about $7.1bn (€5.5bn), securing a financial lifeline for the struggling US internet company.

Yahoo sells half of Alibaba stake

Yahoo has agreed to sell half of its 40% stake in Chinese e-commerce group Alibaba for about $7.1bn (€5.5bn), securing a financial lifeline for the struggling US internet company.

The deal, announced today in the US, will see Alibaba Group buying back the stake from Yahoo for $6.3bn (€4.9bn) and up to $800m (€625m) of Alibaba preference shares.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited