After Yahoo’s decent earnings report, investors were gaining a little bit of confidence in the company.
But whatever confidence they were gaining evaporated when Yahoo disclosed that the Alibaba Group had sold off a part of its business without telling Yahoo.
Considering that much of Yahoo’s value is now tied to its Asian assets, this was devastating. It set off a fresh round of questions about how much control Yahoo actually has over its Asian assets and send the stock crashing.
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