Alibaba steals Yahoo’s thunder ahead of IPO

April 17, 2014


Alibaba steals Yahoo’s thunder ahead of IPO (via AFP)

If Yahoo appears back in favor, it can thank Alibaba, the Chinese Web giant in which it holds a big stake and that is set for a public stock offering. Yahoo shares soared 6.26 percent to close at $36.35 Wednesday on the heels of a better-than-expected…

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