Yahoo agrees $7.1bn Alibaba deal | The Top News | Only Top News of the Day: "US internet company Yahoo said it has reached a deal to sell part of its stake in China’s largest internet company Alibaba Group.
Alibaba will buy back half the 40% stake owned by Yahoo, following years of negotiations.
The deal will raise about $7.1bn (£4.5bn) for Yahoo, which has been losing ground to rival Google and Facebook in online advertising.
The agreement also allows Alibaba to consider an initial public offering."
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Dawgen Global is an integrated multidisciplinary professional service firm . The firm is staff by a Global Team of Professionals spanning several disciplines. We are integrated as one firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services Caribbean Region Head Office : Dawgen Towers 47-49 Trinidad Terrace Kingston 5 Tel: (876) 9292518 | (876) 9265210 Email: info@dawgen.global
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