Earlier in February this year, there was talk about Alibaba picking up Yahoo, but that did not materialize. Well, we do know that Alibaba is one the larger companies in China that can be considered to be a market leader, and they have just purchased back half the stake that Yahoo Inc. owned in the company, forking out approximately $7.6 billion in the process, which would also be a strategic move in helping them edge closer towards the possibility of floating Alibaba on the stock market via an initial public offering.
Ubergizmo , Alibaba purchased half of Yahoo's stake, Alibaba purchased half of Yahoo's stake
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