Yahoo may sell Alibaba stake in new Microsoft deal
21 May 2008
Yahoo may sell its 39% stake in Alibaba Group as part of the latest deal proposed by Microsoft in its bid for the Sunnyvale-based search firm, Reuters reported, citing a person familiar with the discussions. The deal would see Yahoo sell its Asian assets, while Microsoft buys a chunk of what remains of the company. Alibaba has been lining up investors to help it buy back the Yahoo stake, other unnamed sources said. Shares of both Alibaba.com and Yahoo Japan dropped 4% Monday on the greater uncertainty now hanging over the two companies.
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