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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