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Yahoo (YHOO) jumps 4% after reaching an agreement on Alipay "in which Alibaba Group (ALBCF.PK)...

Yahoo (YHOO) jumps 4% after reaching an agreement on Alipay "in which Alibaba Group (ALBCF.PK) will continue to participate in Alipay's future financial performance, including a future IPO or other liquidity event." Alibaba, 40% owned by Yahoo, would receive $2-6B from an IPO of Alipay or other exit. (PR)
Comments (1)
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    "Alibaba?" My nickname is "Ali boo-boo."
    29 Jul 2011, 11:48 AM Reply Like
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