Yahoo Gains $150 Mil. on Sale of Alibaba Stake
By wchung | 08 Jun, 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)
Recent Articles
- China May Exports Pegged for Strong Growth on Front-Loaded Orders, Chip Demand
- China's Global E-Commerce Slides as Iran War Lifts Costs, Dampens Demand
- S. Korea to Seek Priority Supply of Nvidia Vera Rubin GPUs
- VinFast Q1 Revenue Surge on Strong Southeast Asia EV Demand
- KOSPI Plunges on Fed Rate Hike Bet
- Nvidia Clinches Pacts with S. Korean Tech Giants Deep into the AI Boom
- Gwynne Shotwell Manifested Musk's Lofty SpaceX IPO
- Lip-Bu Tan's Intel Eyed to Make Three Million Custom AI Chips for Google
- Cerebras Gets Street Behind Its Unique Dinner-Plate AI Chips
- Election Betting Boom to Test US Insider Trading Controls for Prediction Markets