Alibaba's Jack Ma is Interested in Buying Yahoo
October 4, 2011 6:34 AM
comment(s) - last by
Yahoo struggling, sale rumors loom
Microsoft is also expected to bid if Yahoo goes on the auction block
To say that Yahoo is struggling is an understatement. The internet search giant is a shell of what it was in its heyday and things are only getting worse. Many believe that the only way for Yahoo to save itself at this point is to sell to another company.
A new name has entered into the rumors of firms looking to buy Yahoo and that is the Alibaba Group. CEO of Alibaba Jack Ma has said that he would be interested in buying Yahoo.
A spokesperson for Alibaba has confirmed that Ma did say he would like to buy Yahoo, but Yahoo has offered no comment on the statement. However, with Yahoo ailing so badly the talk of a selloff has sent the Yahoo stock up 3% in trading.
Yahoo and Alibaba have been working together and Yahoo owns 40% of Alibaba. The purchase would allow Ma to regain control of his own company and take Yahoo's other assets as well.
Carol Bartz, who was recently
ousted from her CEO position
, and Ma had a public disagreement previously about the Alipay payment service. Yahoo's full stake in Alipay was later shifted to a new entity controlled by Ma giving him full control over it.
reports that many investors had bought into Yahoo on the hopes that it would make money off the Alipay deal, and the moving of it back to Ma's control sent stock prices sliding in May.
Microsoft has also offered to buy Yahoo in the past with an offer of over $47 billion in 2008, Microsoft is also expected to be bidding from Yahoo again if the search giant goes up for sale.
This article is over a month old, voting and posting comments is disabled
RE: Karma, or something....
10/17/2011 12:31:12 AM
so now how much will investors get when it is finally sold?
Gift certificates to Starbucks.
"We are going to continue to work with them to make sure they understand the reality of the Internet. A lot of these people don't have Ph.Ds, and they don't have a degree in computer science." -- RIM co-CEO Michael Lazaridis
You're Fired: Yahoo CEO Carol Bartz Gets the Boot
September 6, 2011, 10:57 PM
Latest By Shane McGlaun
Windows Phone Sales Grow, But Market Share Continues to Lag Behind Competition
May 7, 2014, 9:39 AM
MSI Launches GS60 Ghost Pro 3K, GS70 Stealth Pro Gaming Notebooks
May 6, 2014, 12:00 PM
Apple to Launch Major Upgrade to Help Boost Sales Ahead of iPhone 6 Launch
May 6, 2014, 9:44 AM
Vermont Congressman Wants Federal EV Tax Credit Increased to $10,000
May 5, 2014, 8:37 AM
Eithad Airlines Offers the First Three-Room Suite on a Commercial Airliner
May 5, 2014, 8:13 AM
Report: AT&T Eyeing $40B DirecTV Purchase
May 1, 2014, 8:00 AM
Student Gmail Accounts No Longer Scanned for Targeted Ads
April 30, 2014, 10:31 AM
Samsung Galaxy K zoom Smartphone Gets Official, Offers 10x Optical Zoom
April 30, 2014, 9:53 AM
Google Autonomous Vehicles Are Working On Mastering City Street Driving
April 28, 2014, 10:25 AM
Samsung Reports that a Small Number of Galaxy S5 Smartphones Shipped with Broken Cameras
April 28, 2014, 10:00 AM
Twitter Senior VP: "Diversity is Important, But We Can’t Lower the Bar"
November 9, 2015, 9:59 AM
CNN Resorts to Internet Censorship to Promote Clinton Over Senator Sanders
October 15, 2015, 2:47 PM
Breaking Bad: How to Crash Google's Chrome Browser With Just 8 Characters
September 23, 2015, 11:08 AM
Quick Note: Amazon UK Offers £10 Back on Any Order £50 or Over
August 3, 2015, 12:05 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Mozilla and Facebook to Adobe: It's Time to Kill Flash
July 20, 2015, 6:30 PM
Most Popular Articles
Free Windows 10 offer ends July 29th, 2016: 10 Reasons to Upgrade Immediately
July 22, 2016, 9:19 PM
Top 5 Smart Watches
July 21, 2016, 11:48 PM
2017 Porsche Panamera: I’ll Take Three of These.
July 24, 2016, 6:44 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information