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Yahoo Investing $1 Billion in Alibaba.com(AP) Yahoo Investing $1 Billion in Alibaba.com BEIJING Yahoo Inc. announced Thursday it would pay $1 billion in cash to acquire a 40 percent stake in the Chinese e-commerce firm Alibaba.com. As part of the deal, Yahoo has also agreed to contribute its China business to Alibaba, according to a joint statement from the two companies. The agreement makes Yahoo the largest strategic investor in Alibaba. The combined entity will also include 3721.com, a Chinese language search engine that Yahoo acquired last year, it said. The deal gives Yahoo 35 percent of voting rights, said the statement, which was distributed at a press conference in Beijing. |