Sources claim Yahoo in talks to sell Alibaba stake

  • Internet company Yahoo could sell 15 to 25 percent of Alibaba Group’s stock back to China’s biggest e-commerce economy in a few weeks’ time, according to sources familiar with the matter.

    The deal has been designed to eliminate intricacies that had hampered previous negotiations between the parties.

    The two companies have been in talks for a month but no assurances have been made that a deal will be reached.

    Several discussions have taken place over recent years regarding a deal for Alibaba to reclaim a part of or its entire 40 percent stake that Yahoo acquired in 2005.

    In February, a $17 billion tax-free asset swap failed to be carried out.

    Sources speaking to Reuters news agency say the latest deal would not be tax-free but much more straightforward.