Anyone who's been holding on to Yahoo shares through thick and thin is about to reap the rewards of that patience. As the company promised, it's starting to sell back half its stake in Alibaba, closing the first stage of the deal with the equivalent of $7.6 billion in pure revenue.
Engadget , Yahoo starts selling half of its Alibaba stake as promised, sends $3.65 billion to giddy shareholders, Yahoo starts selling half of its Alibaba stake as promised, sends $3.65 billion to giddy shareholders
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