Yahoo Paying $1B for Alibaba Stake

August 9, 2005

Yahoo Inc. is close to paying $1 billion and forking over its China operations for a 35% stake of China’s second-largest e-commerce operator, Alibaba.com, a source close to the discussions said on Wednesday.

*For more on this story,

read the full Reuters article.

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Yahoo Paying $1B for Alibaba Stake

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