Struggling US internet company Yahoo has reported shares in the company have risen by 5 per cent after it reports the company is close to selling it 40 per cent stake back to Alibaba Group.
The sale, which is a reported 4.4 billion for Yahoo, is thought to involve a what is called a share back buy, which will eventually by followed up by a flotation of the Chinese group.
Yahoo have been struggling greatly over the last few months as it fights to keep up with its two major rivals, Google and Facebook, in the advertising market online.
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