Yahoo! is an Alibaba story now, and Alibaba seems to be doing okay, says TheStreet’s Jim Cramer. Yahoo cancelled its regular earnings call and webcast that was expected to follow the release of its third-quarter earnings report on Tuesday. Yahoo said Friday that the decision was made due to “the pending transaction with Verizon.” The web giant traditionally offers shareholders, analysts and journalists a period to ask questions after it releases its quarterly report. In July, Verizon offered to acquire the company for $4.8 billion.
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