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Yahoo to sell half of its Alibaba stake for $7.1 billion

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Former Olympus president and chief executive Michael Woodford.
Former Olympus president and chief executive Michael Woodford.
Yahoo Inc. has agreed to sell half of its 40 per cent stake in Chinese e-commerce group Alibaba for about $7.1 billion, securing a financial lifeline for the struggling U.S. Internet company.
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