On May 20, Alibaba joyfully announced that the much-anticipated deal to buy back 50 percent of Yahoo’s 40 percent stake in their company at $7.1 billion has already been agreed upon by the two parties. As of now, the internet company is on its move to find means and ways on how to raise the amount of $4.6 billion needed for the transaction. Alibaba found consolation in negotiating with firms to help them with the financing of the stake purchase.
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