Yahoo Close To Alibaba Divestment
All Things D, Wednesday, September 12, 2012 11:54 AM
Will billions of dollars on the table, Yahoo is reportedly close to selling its assets in Alibaba Group. Sources tell AllThingsD that the Chinese Internet giant will pay Yahoo $7.6 billion to buy
back 20% of Alibaba, while Yahoo will retain a separate 20%. “Yahoo will get $7.1 billion in the transaction, as well as a $550 million payment related to the ending of licensing fees that
Alibaba has paid annually to Yahoo,” AllThingsD reports. “It’s a huge return from when Yahoo co-founder Jerry Yang led a $1 billion investment in the then-fledgling Alibaba seven
years ago.”
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