Yahoo Close To Alibaba Divestment

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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Tags: china, yahoo
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