Bloomberg News

Alibaba Buys Back Stake from Yahoo as IPO Looms

May 21, 2012

Bloomberg's Erik Schatzker reports that Alibaba Group Holding Ltd., China’s largest e-commerce provider, agreed to repurchase about a 20 percent stake in itself from U.S. Web portal Yahoo! Inc. for about $7.1 billion ahead of a potential initial public offering. He speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)

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