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Yahoo raises $ 1.23 b from sale of convertible notes

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Technology giant Yahoo! said it has raised about $ 1.23 billion through sale of its securities and the proceeds would be utilised for strategic transactions, and working capital needs, among others. Last month, the US-based firm had proposed to offer a total of $ 1.25 billion aggregate principal amount of its convertible senior notes due 2018, subject to market conditions and...

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