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19 Sep, 2014

Yahoo gains $5.1 billion

Alibaba Yahoo0 Comments

Yahoo gains $5.1 billion by selling 121.7 million of its Alibaba shares into the IPO and keeps 401.8 million additional shares that are valued around $37 billion based on Alibaba’s $92.70 opening price. This fails to impress investors, and its stock is down by 3.8% around midday.

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