Yahoo! announced today it has reached an agreement with Alibaba Group on a staged and comprehensive plan to unlock the Yahoo's investment in Alibaba. The plan, which was announced in a release ...

Yahoo and Alibaba said the negotiations over the Alipay spinoff were underway because neither side looks good in this one. Alipay, China's largest online payment network, is worth billions of dollars.

But what will Yahoo do with it? In a 2012 sale of Alibaba stock, Yahoo garnered $7 billion, most of which went to buying back the latter's own stock, steadying and bolstering its share price.

Yahoo has agreed to sell back half of its stake in Chinese e-commerce site Alibaba, in a $7.6 billion deal.

The latest windfall came with Alibaba’s record-setting IPO completed late Thursday, in which the Chinese e-commerce giant raised $25 billion. Alibaba’s shares began trading for the first time ...