Yahoo!: BGC Ups to Buy on Alibaba Deal, Core Strategy
Posted on May 21, 2012 at 12:24 PM EDT
Shares of Yahoo! (YHOO) are up 6 cents, or 0.4%, at $15.48 after the company this morning announced a deal with Chinese e-commerce firm Alibaba Group Holdings Ltd. to sell a portion of Yahoo!’s 42% stake in the company for $7 billion, ending one of the most tumultuous episodes for the search company. In a [...]