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Yahoo Finds Over $7 Billion By Selling Stake In Alibaba
2012-05-21 08:06:57

US Internet pioneer Yahoo, which has been struggling with cash flow and market relevance, has agreed to sell its stake in China’s top e-commerce player, Alibaba, for at least $7.1 billion, the two companies announced this weekend.


Word of the Day
mitraille
  • Small missiles, especially grape, canister, fragments of iron, and the like, when fired, as upon an enemy at close quarters.
  • To fire mitraille at.
The word 'mitraille' comes from the Old French 'mitaille', meaning 'small coins', sometimes used to mean 'scrap iron'.