Yahoo to Receive $9Billion in Cash with Alibaba IPO

by Michael Levanduski
If Yahoo ever decides to drop out of the tech industry, it seems that they could do quite well providing people with stock tips. They will be making an estimated $9 Billion when Alibaba launches on the New York Stock Exchange later this week. Yahoo currently owns about 22.5% of the company. They are under contract to sell 140 million shares when it goes public (this is a small ...Read the full article