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Sunnyvale, Calif.-based Yahoo Inc. agreed Thursday to take a 40 percent interest in China's largest e-commerce company, Alibaba.com Corp., for $1 billion in cash in what would be the largest acquisition ever in China's fledging but fast-growing Internet market. In return, Yahoo has agreed to sell its entire China business and an exclusive right of unlimited use of its name in China to Alibaba.com for an undisclosed amount. The companies said the entire transaction is valued at more than $4 billion.
August 12, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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