20 May 2012 Last updated at 22:16 ET
Alibaba Group is one of the world's biggest internet conglomerates
US internet company Yahoo said it has reached a deal to sell part of its stake in the Chinese e-commerce firm Alibaba Group.
Alibaba will buy back half the 40% stake owned by Yahoo, following months of negotiations.
The deal will raise about $7.1bn (£4.5bn) for Yahoo, which has been losing ground to rival Google and Facebook in online advertising.
The agreement also allows Alibaba to consider an initial public offering.
Source: http://www.bbc.co.uk/news/business-18141064#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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