$YHOO to return $3 billion to holders on Alibaba deal

“NEW YORK (CNNMoney) — Yahoo says it will return $3 billion to shareholders after selling back about half of its 40% stake in Chinese company Alibaba for $7.1 billion, according to documents filed with the SEC.

Alibaba Group Holding, an online marketplace based in China, repurchased its 523 million shares from Yahoo for $7.1 billion.”

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