Yahoo! to Get Billions in Chinese Company Sale
Yahoo!’s Marissa Mayer is about to get a nice chunk of cash to work with. According to All Things D, China’s Alibaba Group is going to pay Yahoo! $7.6 billion to buy back 20 percent of Alibaba that Yahoo! owns. Yahoo! still owns another 20 percent.
If the deal goes through, that means Yahoo! would get about $7.1 billion for the deal, along with another $550 million for annual licensing fees that Alibaba has paid Yahoo!. In the end, Mayer would have about $4.5
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