September 12, 2012 AT 12:25 am

Yahoo selling half its assets of Alibaba – $7.1 billion

Alipay-Goes-Down-The-Re-Dividedchinese-E-Commerce-Market-1

Yahoo selling half its assets of Alibaba – $7.1 billion.

According to sources close to the situation, Yahoo will officially close the multi-billion-dollar sale of half its assets in China’s Alibaba Group in one week.

You can see our ongoing coverage of this here.

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