Yahoo says to keep larger stake in Alibaba after its IPO

SAN FRANCISCO (Reuters) - Yahoo Inc said on Tuesday it will keep a larger stake in Alibaba Group Holding Ltd than originally planned after it goes public, hoping to profit from the Chinese e-commerce company's future growth. Founded by billionaire Jack Ma, Alibaba is expected to file for an estimated $15 billion IPO in 2014, valuing the operator of retail, auction and content websites at more than $100 billion. The IPO is one of the most eagerly anticipated Internet debuts since Facebook Inc in 2012. ...



via Tech News Headlines - Yahoo! News http://news.yahoo.com/yahoo-says-keep-larger-stake-alibaba-ipo-022806584.html