Yahoo share price jumps after hedge fund buys stake

By Brian Womack | China Daily | Updated: 2011-05-04 07:56

A booth of Taobao.com, the online auction subsidiary of Alibaba Group, at a trade expo. According to the president of the hedge fund Greenlight Capital Inc, there is great value in the private assets of Alibaba, in which Yahoo! Inc owns a significant stake. Provided to China Daily

Yahoo share price jumps after hedge fund buys stake

SAN FRANCISCO - Yahoo! Inc shares rose after the hedge fund Greenlight Capital Inc announced that it bought a stake in the Web portal, attracted by Yahoo's investment in China-based Alibaba Group Holding Ltd.

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