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第一并购:雅虎中国下嫁阿里巴巴!_经济Business

yahoo inc. announced thursday it would pay $1 billion in cash to acquire a 40 percent stake in the chinese e-commerce firm alibaba.com.

as part of the deal, yahoo has also agreed to contribute its china business, yahoo! china, to alibaba, according to a joint statement from the two companies.

the agreement makes yahoo the largest strategic investor in alibaba.