NEW YORK (Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders.
The deal caps years of discussions between the two companies over Alibaba reclaiming some or all of the 40 percent stake in the Chinese e-commerce firm that Yahoo bought for about $1 billion in 2005.
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