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Yahoo not to sell assets in Yahoo Japan, Alibaba.com

2:00 am on Oct 23, 2009 (gmt 0)

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Yahoo not to sell assets in Yahoo Japan, Alibaba.com [chinaknowledge.com]

Yahoo! Inc, a global leading search engine and information service provider, has no plans to sell its assets in Yahoo Japan Corp or China's Alibaba.com Ltd<1688>, a leading e-commerce provider in China, sources said, citing Yahoo CFO Tim Morse as saying.

Yahoo now has a 35% stake in Yahoo Japan and a 29% indirect stake in Alibaba.com, said Morse, adding that the stakes worth around US$10.3 billion based on the current market quotes, which shows a significant source of long-term value for Yahoo and a way to take part in the growth of the two Asian markets.