Yahoo Inc. is close to paying $1 billion and forking over its China operations for a 35 percent stake of China's second-largest e-commerce operator, Alibaba.com, a source close to the discussions said
on Wednesday. The combination would create an e-commerce giant by bringing together Alibaba's business-to-business and consumer online auction sites with Yahoo's search operations, China's second
largest after leader Baidu.com.
Read the whole story at Reuters, August 10, 2005 »
