Yahoo acquired 1.14 percent stake at alibaba.com. Reports prepared by Reuters, says that yahoo will sell the stake at 4.0-6.4 percent discount on alibaba.com.

Yahoo still holds 40 percent stake in alibaba’s parent company, alibaba group co-founded by Chinese entrepreneur and former English teacher, Jack M.

Yahoo paid more than $1 billion in 2005 as part of its investment into Alibaba Group.

Vice president at Alibaba Group John Spelich said, “We are pleased to learn of the Yahoo! decision because having broader ownership of Alibaba.com with increased liquidity and support among institutional investors is what Alibaba.com hoped to achieve when it released the cornerstone investors.”

Related posts:

1. Facebook’s Social Market Share Up 194 Percent : Hitwise According to Experian Hitwise : U.S. visits to social networking...
2. Origin of ‘Google PageRank’ Technology ‘PageRank‘ is a trademark of Google. Google PageRank algorithm is...
3. Yahoo Launched it’s New Search Design Today Yahoo Launched it’s New Search Design that makes more...
4. Skype Founders Sue eBay for $75 Million Per Day Founders of Skype on Friday filed a new lawsuit against...
5. Yahoo Improved look and functionality of your Profile Yahoo Made some changes in your profile section. It’s similar...

Related posts brought to you by Yet Another Related Posts Plugin.