Yahoo could have sold 15% of its stake in Alibaba Group to Jack Ma for $3.5 billion, Forbes reports.

Yahoo said no, probably because $3.5 billion is about $1 billion short of market value for the stake.

Was that a wise decision?

Maybe not, considering that Jack Ma is probably the only guy in the world willing to wade further into the whole mess that is Yahoo's Asian business – and he's too smart to bid against himself.

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See Also:

• Mark Zuckerberg's Chinese Itinerary

Source: http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/aa9m6jcl7uo/yahoo-walks-away-from-35-billion-2011-5

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