Alibaba Seeks Buyers for Yahoo-owned Stake

After Microsoft’s proposal to buy Yahoo! globally, Alibaba, who part-owned by Yahoo! is seeking for buyers for the Yahoo stakes. From Financial Times :

Alibaba , the Chinese internet company part-owned by Yahoo , is in late-stage talks with a group of investors to raise the money to try to buy back the multi-billion dollar stake, should Yahoo eventually be acquired by Microsoft .

Alibaba has already lined up two lead investors to back a buy-out and is preparing to enter formal discussions with a wider investment group later this week, according to one person familiar with the situation.

The investors include a Chinese sovereign wealth fund, this person said, adding: “foreign involvement is viewed by government and consumers as undesirable.” A buy-out would also buttress the position of Alibaba founder Jack Ma, already has day-to-day management control of the group.

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.