Yahoo sold half of its shares to the baba

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Yahoo will sell half of its shares in to the baba

The American internet company yahoo, announced that it will sell half of its shares in the Group of Chinese Electronic Commerce Alibaba for more than US $7 billion.

The pioneer Yahoo is in trouble for some time due to the loss of ground to more innovative competitors.

BBC business correspondent ensures sale would give the company the cash necessary to appease the demands of shareholders of the company, which has lost two chief executives in a year.

The move could also be beneficial for Alibaba, which take advantage of the rapid growth experienced by positioning in the stock markets.

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