Chinese Internet giant Alibaba Group Holding Ltd. is in the process of raising a US$3 billion loan from around six banks to buy back the stake that Yahoo Inc. owns in the company, people familiar with the situation said Thursday. The Alibaba.com Ltd. logo is seen at the company’s booth during the 2012 International Consumer Electronics Show in Las Vegas, Nevada, U.S., on Friday, Jan. 13, 2012. Yahoo owns 40% of Alibaba Group.
We’ve been following this for awhile – not many people in the electronics circles know Yahoo owns Alibaba.
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