Tuesday, February 27, 2024

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

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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.

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