We’ve alluded to the inherent value of Yahoo’s (YHOO) assets, and the fact that you are basically getting their search and display business for free.  News coming out that they may be close to selling 20% of Alibaba for $7 billion is extremely positive for the company.  While the tax implications are huge the market has been nervous that Yahoo wouldn’t be able to cash in on their stake in the venture and this is one thing that has led to the lower valuation of the company.  The recent debacle with Scott Thompson was not encouraging but I’m glad to see the company moving forward with their asset disposition strategy.

http://www.bloomberg.com/news/2012-05-18/yahoo-said-in-talks-to-sell-20-of-alibaba-for-7-billion.html

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