Yahoo may rethink use of cash from Alibaba deal
SAN FRANCISCO, Aug 9 Yahoo Inc may re-evaluate plans for the cash it gets from a multibillion-dollar sale of half of its 40 percent stake in Chinese Internet company Alibaba Group.
TOKYO Jan 30 Japanese systems integrator NEC Corp said on Thursday it has agreed to sell its Internet provider NEC Biglobe to Japan Industrial Partners and would book a special profit of about 27 billion yen ($264 million) on the sale in the current business year to March.
The Nikkei business newspaper reported last week that NEC was in late-stage talks to sell Biglobe for about 70 billion yen.
Financially strapped NEC, which on Thursday also posted a 15 billion yen net loss for the nine months to end-December, is unloading unprofitable operations and focusing on its systems integration business. ($1 = 102.2500 Japanese yen) (Reporting by Maki Shiraki; Editing by Edmund Klamann and Dominic Lau)
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