NEW YORK: If Yahoo! appears back in favour, it can thank Alibaba, the Chinese Web giant in which it holds a big stake and that is set for a public stock offering.
Yahoo shares soared 6.26% to close at US$36.35 Wednesday on the heels of a better-than-expected quarterly report, but some were more focused on the Alibaba financial results buried in the document.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!