Yahoo might sell the "Asian funds".
One of the biggest Chinese Internet companies Alibaba.com Corp whose main shareholder is Yahoo! Inc has declared its readiness to buy part of the shares, owned by American investors, in the event of such proposals.
According to the head of the company, Jack Ma, Alibaba's executives have prepared for such a turn of events and are considering various options of the situation.
The reason for such statements were the words of Yahoo's management about possible sales of Asian funds to increase investors' income. The decision came after signing an agreement with the main Yahoo investor Carl Icahn.
Yahoo owns 39% of shares of Alibaba, which were received in exchange for Chinese company unit and additional charge of about one billion U.S. dollars.
Moreover,Yahoo also owns 33.4% of shares of Yahoo! Japan Inc, which might be sold to Japanese Softbank Corp company,
According to Agency Xinhuanet
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