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The reduction in stake was a long-term agreement between the two. Yahoo has no choice but to sell. Keeping in mind the hotness of $BABA, they've re-negotiated t
by discardorama 12y ago
The reduction in stake was a long-term agreement between the two. Yahoo has no choice but to sell. Keeping in mind the hotness of $BABA, they've re-negotiated the deal and now have permission to sell only ~140M shares at IPO, instead of the earlier agreed-upon ~230M.