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Yahoo slumps in the wake of Alibaba's SEC probe disclosure

May 25, 2016 10:23 AM ETAltaba, Inc. (AABA)AABABy: Eric Jhonsa, SA News Editor4 Comments
  • Yahoo (YHOO -2.5%) is following Alibaba (down 4.1%) lower after the Chinese e-commerce giant disclosed the SEC is probing consolidation practices and related-party transactions, as well as data reported regarding Alibaba's Singles Day activity.
  • Yahoo rallied earlier this month after Alibaba reported its revenue growth accelerated in calendar Q1. The company's 384M-share Alibaba stake has a current pre-tax value of $29.9B.
  • Now read: Yahoo: Low Bids Wouldn't Be Surprising

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