Yahoo to keep bigger chunk of Alibaba

Jul 16, 2014, 7:54 AM EDT
Yahoo! CEO, Marissa Mayer speaks at TechCrunch Disrupt NY 2014.

Yahoo Inc cannot seem to part ways with Alibaba. And with Yahoo's business continuing to deteriorate, some Wall Street analysts say it is hard to blame the company. Yahoo said on Tuesday that it would keep a bigger-than-expected chunk of its stake in Alibaba when the Chinese e-commerce company goes public later this year. That could give Chief Executive Officer Marissa Mayer, who celebrated her two-year anniversary at Yahoo's helm this month, more time to achieve a turnaround that has proven elusive.
Background:
Yahoo's long goodbye with Alibaba takes heat off Mayer [Reuters]

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