Yahoo! To Sell $7 Billion Stake In Alibaba - IBTL

Yahoo! To Sell $7 Billion Stake In Alibaba

May 22, 2012 Comment

The weekend's G8 summit failed to reach an agreement on what steps leaders would take to solve the debt crisis in Europe. In corporate news, Chrysler is recalling 87,000 Jeep Wrangler sport utility vehicles due to fire risk. Chinese regulators have approved Google's $12.5 billion acquisition of Motorola Mobility Holdings. And Internet giant Yahoo has finally reached an agreement to unload part of its holdings in Alibaba.

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