Yahoo! negotiates sale of 15% to 25% of Alibaba says source


Yahoo! may be weeks to sell between 15 and 25% stake in Alibaba Group back to the largest Chinese e-commerce, in an operation aiming to eliminate the complexities that frustrated the negotiations between both parties in the past, according a source close to the subject.

The companies are in negotiations for a month, said the source, considering that there is no guarantee that an agreement will be reached. Several discussions have been fought in recent years involving an agreement for Alibaba recover part or all of the 40% that Yahoo! acquired from the Chinese company in 2005.

An asset swap valued at $ 17 billion between the companies collapsed in February.Yahoo! and Alibaba declined to comment.