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

IBTimes 2012-05-21

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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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