Yahoo! Sells to Alibaba
In 2005, Yahoo! Owned 30 percent of a Chinese multinational e-commerce, technology, and retail business known as Alibaba. Seven years later, Yahoo! sold half their stake to Alibaba for a mere $13 a share.
Then in 2014, Alibaba’s stocks rose to $68 a share and today, their shares are worth about $150, valuing the company at approximately $84 billion. Meanwhile, Yahoo! sold their internet business to Verizon for $4.8 billion in 2007. Clearly, Yahoo! wishes they could have a do-over to fix their mistake.