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(Image from article: "Yahoo and Alibaba agree on Alipay")

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China's Alibaba buys back half of Yahoo's stake

Alibaba

China's Alibaba Group said it bought back half the stake Yahoo Inc owned in the company for about $7.6 billion, moving closer to an initial public offering.

 

Yahoo and Alibaba agree on Alipay

Yahoo and Alibaba agree on Alipay

Yahoo and Chinese internet company Alibaba reach an agreement over its online payment service Alipay... Yahoo and Alibaba have now agreed that Alibaba would benefit from any future financial gain, such as a public offering.

 

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