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Yahoo Mulls Plan to Cut Alibaba Stake to 15pct

   
9:32 am on Dec 22, 2011 (gmt 0)

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Yahoo Mulls Plan to Cut Alibaba Stake to 15pct [online.wsj.com]

Three months after firing its chief executive and opening its doors to suitors, Yahoo Inc. is revisiting a proposed deal that would shed most of its Asian assets while narrowing the Internet firm's focus and rewarding stockholders.

Yahoo is discussing a plan to substantially cut its 40% stake in Chinese e-commerce company Alibaba Group Holding Ltd. and sell its 35% ownership position in Yahoo Japan, said people familiar with the matter.