The following is an excerpt from MICHAEL LIEDTKE AP Technology Writer | September 18, 2012 | abcnews.go.com |
(AP) Yahoo will live up to its promise to pay its shareholders most of the money from a $7.6 billion deal with the Chinese Internet company Alibaba Group.
Yahoo reassured its shareholders Tuesday a few hours after Alibaba disclosed it had completed a complex transaction announced four months ago.
At that time, Yahoo pledged to distribute most of the proceeds to shareholders who have been frustrated with the company’s slumping stock price.
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