Yahoo has sold its entire 1.14% stake in Hong Kong-listed Alibaba.com. The company sold 57.48 million shares of Alibaba.com for between HK$19.80 and HK$20.30 per share. The sale will net Yahoo approximately US$150 million.  The company also bought a US$1 billion stake in 2005 in the parent company, the Alibaba Group. Yahoo still holds a 40% stake (approx) in the Alibaba Group.

Separately, last week, the founder of the Alibaba Group, Jack Ma, sold 13 million of his shares in Alibaba.com which represents less than 5% of his total direct and indirect holdings in the Hong Kong-listed company.  Source: Reuters article

BIIA Newsletter October – 2009 Issue