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

|By:, SA News Editor

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)