Yahoo mulls $18 billion stake sales in China, Japan

Internet giant Yahoo may shed its substantial hidding in China’s Alibaba Group and in its Japanese affiliate in transactions totalling about $18 billions says a media report. “Yahoo is discussing a plan to substantially cut its 40 per cent stake in Chinese e-commerce company Alibaba Group Holding Ltd. and sell its 35 per cent ownership position in Yahoo Japan”. The wall street Journal reported. It said that Yahoo was planning to cut its stake as part of a tax-free transaction worth between $17 billion and $ 18 billion.

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