Yahoo! will not be selling as much of its stake in Alibaba as previously required. The internet giant announced Tuesday that it had requested, and Alibaba had agreed to, an amendment to the share repurchase agreement. That change would reduce the number of shares Yahoo! would need to sell in Alibaba’s IPO to 140 million from a previous 208 million shares. Chinese internet retailer Alibaba is expected to list on U.S. markets later this summer in what is anticipated to be one of the most in-demand IPOs of 2014. Alibaba, of which Yahoo! has a current 24% stake, values itself at around $130 billion. TheStreet's Keris Lahiff reports from New York.

More from Video

The Final Barrier for One Last Bull Market High

The Final Barrier for One Last Bull Market High

Market Movers: December FOMC Meeting

Market Movers: December FOMC Meeting

Potential Global Market Impacts After the Arrest of Huawei's CFO

Potential Global Market Impacts After the Arrest of Huawei's CFO

Jim Cramer Weighs in on Dave & Buster's Earnings and What It Means for the Mall

Jim Cramer Weighs in on Dave & Buster's Earnings and What It Means for the Mall

Amazon Representative Addresses the Economic Impact of HQ2 on New York City

Amazon Representative Addresses the Economic Impact of HQ2 on New York City