Yahoo sees $150M windfall from Alibaba.com sale

Yahoo has cashed out of its investment in China's leading e-commerce site, Alibaba.com.

The sale announced Monday is expected to generate a pretax windfall of about $150 million for Sunnyvale, California-based Yahoo. The Internet company had owned a 1 percent stake in Alibaba.com.

Yahoo invested about $100 million in Alibaba.com as part of an initial public offering completed in November 2007. The shares have soared since then, and Yahoo decided it was time to capitalize on the run-up.

Yahoo still holds a roughly 40 percent stake in Alibaba.com's owner, the Alibaba Group.

In a statement, Yahoo indicated it intended to hold on to its investment in the Alibaba Group, calling it an "important long-term way to participate in the China market."

Indonesian Translation :
Yahoo telah mencairkan investasi terkemuka di Cina situs e-commerce, Alibaba.com.

Pengumuman penjualan pada hari senin diharapkan menghasilkan durian runtuh sebelum pajak sekitar $ 150 juta untuk Sunnyvale, California berbasis Yahoo. Perusahaan Internet ini telah memiliki 1 persen saham di Alibaba.com.

Yahoo menginvestasikan sekitar $ 100 juta dalam Alibaba.com sebagai bagian dari initial public offering yang selesai pada November 2007. Saham telah melonjak sejak itu, dan Yahoo memutuskan sudah saatnya untuk memanfaatkan run-up.

Yahoo masih memegang sekitar 40 persen saham di Alibaba.com 's pemilik, Alibaba Group.

Dalam sebuah pernyataan, Yahoo menyatakan bahwa mempertahankan investasinya di Alibaba Group, adalah "penting untuk jangka panjang berpartisipasi dalam pasar Cina."