Yahoo Gets to Hold onto More of Alibaba -- Market Talk
4:24 PM ET 7/15/14 | Dow Jones
16:24 EDT - The biggest news from Yahoo's (YHOO) earnings report: It won't have to sell as much of its Alibaba stake in that Chinese company's coming IPO. YHOO said it had requested, and Alibaba has agreed, to let it sell just 140M shares, down from the 208M it was required to sell under a previous agreement between the two companies. Investors are likely to welcome this decision, as they anticipate that Alibaba shares will be worth more longer term than at the IPO price. YHOO up 1.2% after hours. (marcelo.prince@wsj.com)
> Dow Jones Newswires
July 15, 2014 16:24 ET (20:24 GMT)
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