There is never a chance that Yahoo will miss when it comes to saving money or more importantly raising some cash. It has shut down many of its services which include Geocities, etc and earlier today it sold 57.48 million worth of Alibaba’s shares. Those didn’t go cheap as it bagged a healthy $150 million against those. The sale will be watched over by UBS AG. I personally like the move given that it would bring in more support in the form of new investors. This follows the blunt remark from Jack Ma, CEO Alibaba stated that the search engine’s algorithm hadn’t really been of much help. I am not sure what and how Yahoo has in plans to penetrate the market in China, the number of which had been of primary interest among many a giants.
