Yahoo Sells Alibaba.com Stake For $150 Million

china yuan money cash dollars

Yahoo (YHOO) is selling its 1.1% stake in Alibaba.com for close to $150 million.

Alibaba.com shares nearly quadrupled in the last year, so big Purple looks smart here.

Alibaba.com is a publicly traded subsidiary to Alibaba Group Holding Ltd. Yahoo will retain its 40% stake in the parent company.

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