Printed from http://www.electronista.com

Alibaba interested in buying 'all' of Yahoo

updated 05:25 am EDT, Sat October 1, 2011

Jack Ma declares interest in buying Yahoo outright

Alibaba chief Jack Ma has told an audience at Stanford University that his company is interested in buying 'all' of Yahoo. Currently, Yahoo retains a 40 percent stake in Alibaba, an online commerce company, that is valued in the billions of dollars. However, All Things D reports that Ma has clearly signaled his intent for Alibaba to be a principal player in a takeover bid for Yahoo, and not part of a consortium.

"We are very interested in Yahoo. Our Alibaba group is important to Yahoo and Yahoo is important to us...All the serious buyers interested in Yahoo have talked to us," stated Ma.

When asked how he would put together a bid, Ma reiterated that he wanted the "whole" company, but said that it was a complicated process and involved numerous interested parties.

Yahoo is currently undertaking a review of its operations in the wake of the sacking of Carol Bartz as CEO. It has indicated that one of the options on the table is to sell the companygo. Alibaba is the first company to declare publicly that it is interested in acquiring Yahoo outright.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. global.philosopher

    Fresh-Faced Recruit

    Joined: Sep 2010

    0

    Bit wary...

    It is hard to find any information regarding who actually owns and controls Alibaba. I would not trust a company with private information (yahoo mail, etc) if it has any deep roots into China. China is notorious for not safe-gauarding personal information.

    It would be better for MS to buy them. At least they are the evil we know and MS cannot be intefered with by governments.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Sponsor

toggle

Most Commented

 
toggle

Popular News