Internet corporation Yahoo profited by $4.3bn in 2012 when it sold half its 40% stake in what vast Chinese web company?
Yahoo! as a completely independent company. On September 18, 2012, following years of negotiations, Yahoo agreed to sell a 20% stake back to Alibaba for $7.6 billion. On March 8, 2011 Yahoo launched its Romania local service after years of delay due to the financial crisis. Yahoo officially entered the MENA region when it acquired Maktoob, a pan-regional, Arabic-language hosting and social services online portal, on August 25, 2009. Since the service is pan-regional, Yahoo officially became Yahoo Maktoob in the region. On December 31, 2012, Yahoo! Korea shut down all its services and left the country, with its previous domain
Yahoo!Xtra Yahoo!Xtra Yahoo!Xtra was a New Zealand web portal that existed under that name from 2007 to 2011. It was a joint venture between Yahoo!7 and Telecom New Zealand (now Spark). Yahoo!7 held a 51 percent stake in the company and Telecom NZ held 49 percent. Because Yahoo!7 is a 50/50 venture, Yahoo! proper was therefore a 25.5% owner of Yahoo!Xtra. Telecom announced in April 2011 that it had sold its share to Yahoo!7 and Yahoo!Xtra was rebranded as Yahoo! New Zealand. Telecom launched internet service provider Xtra in 1996, which is New Zealand's largest ISP (). In 2001 Telecom partnered