Shares of Yahoo Inc. rebounded on Thursday following three days of losses after the online portal said it will offer gambling on fantasy sports games. Yahoo will take a 10% cut of the money that players wager. Yahoo, which holds a 15% stake in Alibaba Group Holding Ltd. , was battered this week in the wake of a selloff in the Chinese stock market. Yahoo shares are up 2.5% to $38.17 but are down 24% year to date.
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From:: Stock Market News