"Yahoo, which owns 22.4%, said it plans to sell 121.7 million shares, equivalent to a 4.9% stake. "
So, YHOO would have 17.5% of the share. With the valuation of BABA at 227b, yahoo would have 39.7b.
With debt, cash position, PLUS BABA shares sold, YAHOO can be close to privatizing themselves.
