Technology News
English Edition

Yahoo to sell half of its Alibaba stake for $7.1 billion

By Associated Press | Updated: 5 June 2012 11:59 IST
Yahoo to sell half of its Alibaba stake for $7.1 billion
Click Here to Add Gadgets360 As A Trusted Source As A Preferred Source On Google
Highlights
  • Alibaba is buying back stake from Yahoo for $6.3 billion cash and up to $800 million of Alibaba preference shares.
Advertisement
Yahoo has agreed to sell half of its 40 percent stake in Chinese e-commerce company Alibaba for about $7.1 billion.

The deal will see Alibaba Group buying back the stake from Yahoo Inc. for $6.3 billion cash and up to $800 million of Alibaba preference shares.

The two companies have an agreement for Yahoo to sell the remainder of its Alibaba stake in stages later on.
Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Alibaba, Yahoo, e-commerce

Related Stories

Yahoo to sell half of its Alibaba stake for $7.1 billion
Comment
Facebook Gadgets360 Twitter Share Tweet Snapchat LinkedIn Reddit Comment google-newsGoogle News

Advertisement

Featured
Follow Us
Latest Videos
More Videos
Tech News in Hindi
More Technology News in Hindi

Advertisement

Popular on Gadgets
Latest Gadgets
Popular Mobile Brands
#Trending Stories
  1. Top OTT Releases of the Week: Kantara Chapter 1, Lokah Chapter 1, Idli Kadai, and More
  2. iQOO Neo 11 With Snapdragon 8 Elite SoC Launched: Price, Specifications
  3. Reliance Offers Free 18-Month Google AI Pro with Gemini, Veo to Jio Users
  4. Canva Brings Revamped Video Editor, New AI Tools and a Marketing Platform
  5. Gemini 3 AI Model Will Be Released Soon, Says Google CEO Sundar Pichai
  6. Realme GT 8 Pro Will Launch in India in November With This Chipset
  7. iQOO 15 Indian Variant Allegedly Surfaces on Geekbench Ahead of Launch
  8. How to Claim 18 Months of Free Google AI Pro Access on the MyJio App
  9. Vivo X300 Series With 200-Megapixel Zeiss Camera Launched Globally
  10. Apple CEO Confirms Partnership Plans for AI Services Beyond OpenAI
#Latest Stories
  1. iQOO 15 Indian Variant Allegedly Surfaces on Geekbench With Snapdragon 8 Elite Gen 5 Chipset
  2. Apple CEO Reportedly Confirms Partnership Plans Beyond OpenAI; Revamped Siri Expected to Launch in 2026
  3. Scientists May Have Finally Solved the Sun’s Mysteriously Hot Atmosphere Puzzle
  4. Vivo X300 Series Launched Globally With 200-Megapixel Zeiss Camera, Up to 6.78-Inch Display: Price, Features
  5. Canva Introduces Revamped Video Editor, New AI Tools and a Marketing Platform
  6. Thode Door Thode Paas OTT Release Date: Know When and Where to Watch it Online
  7. Blackmail Now Streaming Online: Know Where to Watch This Tamil Crime Thriller Movie
  8. Eva Husson’s Playdate OTT Release Date: When and Where to Watch it Online?
  9. Raj Tarun's Chiranjeeva OTT Release Date: When and Where to Watch it Online?
  10. Bitchat Becomes Jamaica’s Go-to App as Hurricane Melissa Cripples Communication
Gadgets 360 is available in
Follow Us
Download Our Apps
App Store App Store
Available in Hindi
App Store
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.
Trending Products »
Latest Tech News »