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People's Daily Online>>China Business

Yahoo may sell 25 pct of Alibaba stake

By Sun Chaoyi (Beijing Daily)

14:18, December 23, 2011

Edited and Translated by Han Shasha, People's Daily Online

A source said recently that the Yahoo board is scheduled to sell its 25 percent stake in Chinese e-commerce Alibaba Group Holding Ltd. and 35 percent in its Japanese affiliate. It said Yahoo intends to sell the stakes back to the two companies.

According to current share prices of the two companies, the transactions are worth approximately 17 billion U.S. dollars.

The source said that Alibaba would first create a standalone entity. Yahoo would then exchange 25 percent of its stake in Alibaba for those new entities. After the transaction, Yahoo would still retain 15 percent of Alibaba stake.

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