China Business News: Yahoo sells 57.48 mln shares of Alibaba.com

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Latest News :2010.02.09 Search News Or

Yahoo sells 57.48 mln shares of Alibaba.com

Sep. 17, 2009 (China Knowledge) - Yahoo Inc has sold its entire 1.14% stake or 57.48 million shares of Alibaba.com Ltd<1688> for about US$150 million, sources reported. The shares sold at prices between HK$19.8 and HK$20.3 per share, a range reflecting a 4% to 6.4% discount to the stock's closing price of HK$21.15 on Monday. Yahoo was the second-largest shareholder of Alibaba.com, w

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