Tuesday, March 19, 2024

Alibaba’s Ma: ‘Very Interested’ in Buying Yahoo

Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

Reuters: The founder of one of China’s largest e-commerce sites announced to an audience at Stanford University that he would be “very interested in Yahoo.” Jack Ma, founder of Alibaba.com, added, “We are probably one of the very few companies that really understand Yahoo USA very well.”

However, the deal is far from a sure thing. “It’s more complicated than we thought. And there’s so many people interested in that. And we are also talking to them and they are talking to us,” Ma said. “I cross my fingers, just to say we are very, very interested.”

Yahoo currently owns a 40 percent stake in Alibaba.

Subscribe to Data Insider

Learn the latest news and best practices about data science, big data analytics, artificial intelligence, data security, and more.

Similar articles

Get the Free Newsletter!

Subscribe to Data Insider for top news, trends & analysis

Latest Articles