Yahoo Takes 40 pct Stake in China's Alibaba

BEIJING - AUGUST 12: A man walks past the logo of Alibaba (China) technology Co., Lth on August 12, 2005 in Beijing, China. Yahoo Inc. signed a deal to buy 40 percent of Alibaba.com for EUS 1 billion cash while handing over the running of its China operations to the Chinese online retailer in the biggest investment by a foreign company to gain access to China's 100 million net users. The deal creates an e-commerce giant, with the combined entity valued at four billion USD. (Photo by Guang Niu/Getty Images)
BEIJING - AUGUST 12: A man walks past the logo of Alibaba (China) technology Co., Lth on August 12, 2005 in Beijing, China. Yahoo Inc. signed a deal to buy 40 percent of Alibaba.com for EUS 1 billion cash while handing over the running of its China operations to the Chinese online retailer in the biggest investment by a foreign company to gain access to China's 100 million net users. The deal creates an e-commerce giant, with the combined entity valued at four billion USD. (Photo by Guang Niu/Getty Images)
Yahoo Takes 40 pct Stake in China's Alibaba
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Credit:
Guang Niu / Staff
Editorial #:
53361156
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Getty Images News
Date created:
12 August, 2005
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53348650GN007_China_Alibaba