When does an upwards revaluation complicate matters? When it involves Yahoo. A $32bn valuation for Alibaba, in which it holds a 40 per cent stake, boosted its shares on Friday. But the higher figure ultimately makes it harder for the US group to realise the value of its Alibaba stake.
The Chinese ecommerce group’s $32bn price tag is the result of a $1.6bn capital injection last week from a private equity-led group, which bought a stake of just under
5 per cent.
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