Tag Archives: Alibaba buy back half of Yahoo stake for $7.6 Billion

Alibaba, the Chinese web organisation has bought back half of the stake Yahoo had in the company for $7.6 billion. They are moving to their initial public offering (IPO). Alibaba paid $6.3 billion in cash and $800 million in shares of the Alibaba group. They also paid $550 million which …

Read More »