Yahoo is not selling its Alibaba shares worth $30 billion : CNBC

Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd, CNBC reported, with an announcement coming as soon Wednesday.
The moves represent a stark rejection of Chief Executive Officer Marissa Mayer’s plan to sell the $30 billion Alibaba stake and to revive Yahoo’s core Internet unit focusing on growing mobile, video and social media ads. Yahoo could not immediately be reached for comment. Its shares r