Yahoo could have sold 15% of its stake in Alibaba Group to Jack Ma for $3.5 billion, Forbes reports.
Yahoo said no, probably because $3.5 billion is about $1 billion short of market value for the stake.
Was that a wise decision?
Maybe not, considering that Jack Ma is probably the only guy in the world willing to wade further into the whole mess that is Yahoo’s Asian business – and he’s too smart to bid against himself.
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