Posted inTechnology

Yahoo Rakes in Another Jackpot from Alibaba’s IPO

Michael Liedtke, ASSOCIATED PRESS SAN FRANCISCO (AP) — Yahoo is making amends for years of blundering with one smart move: an early investment in Alibaba Group that has turned into a multibillion-dollar boon. The latest windfall came with Alibaba’s record-setting IPO completed late Thursday, in which the Chinese e-commerce giant raised $25 billion. Alibaba’s shares began trading for the first time […]

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