Stephen Shugerman
Alibaba, China's top e-commerce player, will re-purchase a 20-percent state in itself from US portal Yahoo! for at least $7.1 billion, the companies announced on Sunday. "Today's agreement provides clarity for our shareholders on a substantial component of Yahoo!'s value and reaffirms the significance of our relationship with Alibaba," Ross Levinsohn, Interim CEO of Yahoo!, said afterwards.
