Bartz Says Yahoo Has No Plans to Sell Its Stake In Alibaba Group

Yahoo (YHOO) Chief Executive Carol Bartz says her company does not want to sell its stake in Alibaba Group, despite persistent proposals from the Chinese Internet firm.

Reuters: Alibaba “constantly” approaches Yahoo about repurchasing its stake, Bartz told Reuters in a wide-ranging interview on Wednesday, but Yahoo has no plans to sell it.

“It’s very strategic,” Bartz said, adding that it also is a great investment. Bartz also said selling the position would not be in Yahoo’s interest.

Bartz’s comments come after a report from Susquehanna Financial analyst Marianne Wolk stated earlier today that a deal is pending for Yahoo to sell its 39%t stake in Alibaba for between $8 billion and $11 billion.

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