As Thompson overhauls Yahoo's operations, he is also trying to appease shareholders by selling a portion of the company's roughly 40 percent stake in the China's Alibaba Group. Yahoo was nearing a deal to sell most of its stake in Alibaba earlier this year, but the complex deal that had been on the table fell apart shortly after Thompson took over as CEO. Thompson told analysts Tuesday that the two sides are now talking about a simpler deal that would enable Yahoo to pay most of the proceeds to shareholders.
As of March 31, Yahoo estimated its holdings in Alibaba were worth $14 billion, before taxes. Thompson didn't specify how much of the Alibaba stake that he is looking to sell.
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