{"id":13039,"date":"2012-05-05T05:05:18","date_gmt":"2012-05-05T05:05:18","guid":{"rendered":""},"modified":"2012-05-05T05:05:18","modified_gmt":"2012-05-05T05:05:18","slug":"Yahoo-in-talks-to-sell-15-25-percent-of-Alibaba","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=13039","title":{"rendered":"Yahoo in talks to sell 15-25 percent of Alibaba"},"content":{"rendered":"

Yahoo Inc could be weeks away from selling 15 to 25 percent of Alibaba Group’s stock back to China’s largest e-commerce company, in a deal designed to eliminate complexities that had scuttled the parties’ previous negotiations, a person familiar with the matter said.<\/strong><\/p>\n

Numerous discussions have been held in recent years about a deal for Alibaba to reclaim some or all of the 40 percent stake in the company that Yahoo acquired in 2005.<\/p>\n

A $17 billion tax-free asset swap between the two companies fell apart in February.<\/strong><\/p>\n

The latest deal would not be tax-free and would be much more straightforward, the person told Reuters on Friday.<\/p>\n

The situation may have become more complicated following Thursday’s revelation that Yahoo Chief Executive Scott Thompson’s resume falsely stated that he had earned a computer science degree in college.<\/strong><\/p>\n

Yahoo, which initially called it an “inadvertent error,” has since said its board is reviewing the matter. <\/p>\n

Source Yahoo.com<\/em>
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