Skadden, Arps, Slate, Meagher & Flom and Wachtell, Lipton, Rosen & Katz have taken the lead roles in Yahoo Inc.’s $7.1 billion sale of a 20 percent stake in Alibaba Group Holding Ltd., the Chinese Internet company.
Hangzhou-based Alibaba will buy back the shares, which represents half of Yahoo’s stake in the Chinese company. The deal is the largest e-commerce mergers and acquisition deal ever.
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