Yahoo Gains $150 Mil. on Sale of Alibaba Stake
By wchung | 24 Mar, 2026
Yahoo has cashed out of its investment in China’s leading e-commerce site, Alibaba.com.
The sale announced Monday is expected to generate a pretax windfall of about $150 million for Sunnyvale-based Yahoo. The Internet company had owned a 1 percent stake in Alibaba.com.
Yahoo invested about $100 million in Alibaba.com as part of an initial public offering completed in November 2007. The shares have soared since then, and Yahoo decided it was time to capitalize on the run-up.
Yahoo still holds a roughly 40 percent stake in Alibaba.com’s owner, the Alibaba Group.
In a statement, Yahoo indicated it intended to hold on to its investment in the Alibaba Group, calling it an “important long-term way to participate in the China market.”
9/14/2009 7:16 PM SUNNYVALE, Calif. (AP)
Articles
- Top 5 Date Turn-Offs for Women and Men
- Demand Builds for Affordable Chinese EVs Among American Carbuyers
- OpenAI Bumps Up Minimum Return to 17.5% in Competition with Anthropic for Private Equity
- China's Open-Source AI Dominates Global Downloads, Threatens US Leadership
- Alphabet's Wing to Begin Drone Deliveries in San Francisco Bay Area
- Strikes Paused on Talks Denied by Iran
- ICE Agents Deployed to 14 Major Airports Amid Rising TSA Absences
- How Daiso Became Japan’s Dollar Tree
- How Charles and Sara Liang Survived One Scandal After Another to Build a $20-Billion AI Giant
- SpaceX, Tesla to Build AI Chip Factories in Austin