||Does Yahoo Deal Strengthen Alibaba?
May 22 2012
Chinese e-commerce giant Alibaba has agreed to buy back half of the 40% stake in itself owned by U.S. web portal Yahoo. The deal will see Yahoo receive at least $6.3 billion dollars in cash, as well as $800 million dollars in Alibaba stock. Yahoo shares moved just 1% up on the move on Monday following the news, but well below the Nasdaq's rise of 2.5%. China Biz spoke to Chinese tech expert and BDA China Chairman Duncan Clark about his thoughts on the deal.