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Yahoo in talks to sell 15-25 percent of Alibaba: source

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SAN FRANCISCO (Reuters) – Yahoo Inc could be weeks away from selling 15 to 25 percent of Alibaba Group’s stock back to China’s largest e-commerce company, in a deal designed to eliminate complexities that had scuttled the parties’ previous negotiations, a person familiar with the matter said. The two companies have been in talks for a month, the person said, but cautioned that there is no guarantee a deal will be reached. Numerous discussions have been held in recent years about a deal for Alibaba to reclaim some or all of the 40 percent stake in the company that Yahoo acquired in 2005. . . .

View full post on Business News Headlines – Yahoo! News


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