Alibaba finalizes first round of repurchasing its stock from Yahoo
Alibaba Group announced in a statement that it has finished the first round of repurchase of Yahoo’s stake in the company. The transaction will stream $7.6 Billion in Yahoo’s direction. China’s largest online retail and B2B giant announced on May 20 jointly with Yahoo that it will reduce the US-based web portal’s stake in Alibaba […]
Sep 22 2012 | Posted in Sci-Tech | Read More »
