Yahoo is reportedly set to keep a bigger stake in China's biggest internet retailer Alibaba than it had originally planned to have.
Yahoo plans to sell 208 million of its 523 million shares, up from the previously agreed 261.5 million shares, after the Chinese firm sells shares on the stock market.
According to the BBC, Alibaba is expected to launch its share sale next year and could be valued at more than 100 billion dollars.
Analysts believe that Yahoo was looking to cash in on the listing, not least because of Alibaba's continued growth.
Yahoo said that the Chinese firm's sales grew 61 percent in the April-to-June period to 1.74billion dollars and net income jumped 160 percent to 717million dollars.
The report said that Yahoo's decision to keep a higher stake comes amidst CEO Marissa Mayer-run firm reporting fall in profits to 297million dollars in the third quarter, compared to 3.16billion dollars a year ago.
