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US: Rumors flare over Yahoo buyout plans with record Alibaba sales

 |  September 21, 2014

Yahoo is reportedly expected to make up to $5 billion through the sale of its investment in Chinese e-commerce conglomerate Alibaba, and rumors are swirling about what Yahoo will do with the money.

Alibaba secured the largest IPO in history, reports say, when it went public Friday. Yahoo is expected to make a big profit through the sale of the stake in the company, and some reports say Yahoo could be seeking a merger with AOL with the funds.

Brokerage firm BGC Partners reported that Yahoo could be targeting AOL, sending shares soaring for the company that was spun off by Time Warner in 2009.

The companies have not confirmed the news, however.

Full content: CNN

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