Yahoo! Inc. (NASDAQ:YHOO) is in talks to sell some of its stock in the internet search giant Alibaba according to sources. According to Bloomberg the company seeks to sell 20% of the stock in the company for around $7 billion. The deal would involve selling the stiock back to Ali Baba itself.
The firm's top executives have a board meeting today where they will apparently discuss the transaction and approve or deny moving forward on the deal. After the recent upheavals at the firm it is certainly an interesting time to sell the stock. The company's CEO Scott Thompson left the company after...
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