[Reuters] Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion

Posted by: UGN Security

[Reuters] Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion - 05/21/12 03:31 AM

(Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders.