Yahoo! to reap Alibaba windfall

Yahoo! is benefiting once again from its stake in China's hottest Internet company, Alibaba Group.

Investors latched on to Yahoo! Monday in anticipation of a huge windfall from Alibaba's initial public offering of stock expected as early as this spring Yahoo!'s stock gained $1.51, or 4 percent, to close at $39.11. It reached a 52-week high earlier this year at $41.72.

Alibaba ignited the excitement about its forthcoming IPO by announcing plans to list its stock on a US exchange.

Yahoo! is expected to sell about half its 24 percent stake in Alibaba as part of an IPO that analysts believe could raise $15 billion.

That means Yahoo! is likely to collect several billion dollars from Alibaba's IPO.

That money could then be used to pay a special dividend to shareholders or buy back more of its stock.

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