Following the near quadrupling in value of Alibaba.com Ltd., the operator of China’s largest trading website, Yahoo! Inc. has decided to sell its shares in the company for an estimated $151 million. However, Yahoo remains the biggest stakeholder in Alibaba Group Holding Ltd., the parent of the Hong Kong-based website.
 
Yahoo has a relatively long history with Alibaba, investing $1 billion and swapping around its Chinese operations for a 40 percent stake in Alibaba Group. In 2007, Yahoo was one of eight investors to provide $1.7 billion as part of Alibaba’s initial public offering, the largest first-time share sale by an …read more

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