Chinese Internet Firm Wants Voice in Microsoft/Yahoo Talks
Alibaba Group, in which Yahoo holds a 39 percent stake, wants a stronger voice in the talks between Microsoft and Yahoo to influence how shares would be transferred to any new owner. From Reuters via eweek.com :
Based on the original agreement with Yahoo, which owns 39 percent of Alibaba, the Chinese company is in a very strong position to influence how shares would be transferred to any new owner, said the source, who is close to Alibaba.
The problem is a perception by Beijing authorities that an important Chinese firm could come under the control of Microsoft Corp, which has a reputation of using monopolistic tactics, said the source, who is familiar with a team of bankers and lawyers assembled by Alibaba to review its options.