Yahoo Trying To Sell Alibaba Stock – ValueWalk Premium

Yahoo Trying To Sell Alibaba Stock

Yahoo! Inc. (NASDAQ:YHOO) is in talks to sell some of its stock in the internet search giant Alibaba according to sources. According to Bloomberg the company seeks to sell 20% of the stock in the company for around $7 billion. The deal would involve selling the stiock back to Ali Baba itself.

The firm's top executives have a board meeting today where they will apparently discuss the transaction and approve or deny moving . . .

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