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Yahoo cutting 40% stake in Alibaba

9:52 am on Dec 25, 2011 (gmt 0)

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Yahoo Inc.'s board decided Friday to continue negotiations on a proposal to shed most of its Asian assets and company focus on its core U.S. Internet operations - cutting Yahoo's 40% stake in Chinese e-commerce company Alibaba Group Holding Ltd.

Source : [online.wsj.com ]

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