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By Saqib Iqbal Ahmed NEW YORK (Reuters) - Alibaba Group Holding Ltd's (BABA.N) shares do not begin trading until Friday, so investors hungry for a bite of the Chinese e-commerce giant have turned ...
A couple of news items are showing the long and complex relationship between Yahoo and Alibaba is far from over.
Yahoo Inc (YHOO.O) plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd (BABA.N), responding to pressure to hand over to shareholders its prized e-commerce investment valued ...
Yahoo and Alibaba said the negotiations over the Alipay spinoff were underway because neither side looks good in this one. Alipay, China's largest online payment network, is worth billions of dollars.
Starboard Value is putting new pressure on Yahoo, calling on the company to halt the spinoff of its stake in Alibaba and instead sell its beleaguered Internet business.
As we move closer to the Alibaba IPO shares may be priced higher. Risk to Yahoo is that it seems too expensive for new buyers.
Alibaba Group Holding Ltd's shares do not begin trading until Friday, so investors hungry for a bite of the Chinese e-commerce giant have turned their attention to Yahoo Inc's options in recent days.
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