Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Green Business
Legal
Deals
Earnings
Summits
Business Video
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
Afghan Journal
Africa Journal
India Insight
Global News Journal
Pakistan: Now or Never?
World Video
Politics
Politics Home
Front Row Washington
Politics Video
Technology
Technology Home
MediaFile
Science
Tech Video
Opinion
Opinion Home
Chrystia Freeland
Felix Salmon
Jack Shafer
Breakingviews
George Chen
Bernd Debusmann
Gregg Easterbrook
Nader Mousavizadeh
James Saft
John Wasik
Christopher Whalen
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
The Great Debate
Unstructured Finance
Newsmaker
MuniLand
Money
Money Home
Analyst Research
Global Investing
MuniLand
Reuters Money
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Life & Culture
Health
Sports
Arts
Faithworld
Business Traveler
Left Field
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Article
Comments (0)
The latest M & A news
PPD to go private in $3.9 billion deal
Alibaba's Ma: "very interested" in buying Yahoo
LME deal not seen before the end of the second quarter: CEO
Hedge funds profit from quick bets in Europe
Top court rejects Blackstone IPO lawsuit appeal
ACI to buy S1 for $516 million in cash, stock
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Tearful Amanda Knox pleads with court for freedom
|
11:58am EDT
Greek gloom rocks markets, troubles lenders
|
11:17am EDT
Nobel prizewinner dies before announcement
|
11:52am EDT
U.S. met with Egypt Islamists: U.S. diplomat
02 Oct 2011
Tim Cook's time to shine with new Apple iPhone
8:03am EDT
Discussed
342
Exclusive: Democrats push tax hikes first in deficit talks
213
About 400 arrested in Wall Street protest
76
BofA to introduce $5 monthly debit card fee
Watched
Gisele Bundchen, too hot for TV?
Fri, Sep 30 2011
Japanese airline, ANA, apologises for plane flip
Fri, Sep 30 2011
Rihanna's "inappropriate" outfit halts music video
Tue, Sep 27 2011
Alibaba's Ma: "very interested" in buying Yahoo
Tweet
Share this
Email
Print
Related News
Wall Street drops as Greece overshadows ISM data
11:02am EDT
Alibaba's Ma: "very interested" in buying Yahoo
Fri, Sep 30 2011
Dow, S&P rise in wild day, Nasdaq takes China hit
Thu, Sep 29 2011
Apotheker's exit payout dwarfs HP's new CEO
Thu, Sep 29 2011
Alibaba.com boosted by private equity investment
Fri, Sep 23 2011
Analysis & Opinion
Why dividend cash-outs are evil
Some lessons learned as an entrepreneur and VC
Related Topics
Technology »
Deals »
Global Deals Review: 2011 Q3 »
Global Deals Review: 2011 Q2 »
Global Deals Review »
Hot Stocks »
Asian Markets »
Inflows Outflows »
Media »
Jack Ma, chairman and founder of China's largest business-to-business Web marketplace Alibaba.com, speaks at the Commonwealth Economic Forum in Taipei January 19, 2010.
Credit: Reuters/Nicky Loh
By Alexei Oreskovic
PALO ALTO, California |
Mon Oct 3, 2011 9:38am EDT
PALO ALTO, California (Reuters) - Jack Ma, the founder and CEO of Chinese e-commerce giant Alibaba, is keen on buying Yahoo Inc if the opportunity presents itself and has held discussions with other potential buyers about options.
Asked whether Alibaba might like to pick up the ailing U.S. Internet company, Ma told an audience at Stanford University that he would be "very interested in Yahoo."
The former English schoolteacher later added that, were he to have his way, he would be eager to acquire all of Yahoo, not just the stake it owns in Alibaba.
"The whole piece of Yahoo," Ma said in answer to a question from the audience about what part of Yahoo he was interested in. "China is already ours, right? It's already in my pocket."
Yahoo shares leaped 5 percent to $13.80 in after-hours trading.
Acquiring Yahoo could help Ma expand his online empire into one of the world's most important Internet markets.
Ma also said he planned to spend the next year in the United States learning more about the country and the market. An Alibaba spokeswoman said Ma would be based in the San Francisco Bay area, but would travel across the country and would continue his operational duties as chairman and CEO of the Alibaba Group.
Ma, who was speaking at the China 2.0 conference at Stanford, said he had not visited Yahoo to discuss a deal since he arrived in the United States 15 days ago.
"We are probably one of the very few companies that really understand Yahoo USA very well," he said, referring to his company's long-running relationship with Yahoo, which dates back to 2005.
That relationship has grown strained in recent years. Ma's attempts to buy back some of Yahoo's roughly 40 percent stake in his company were rebuffed by former Yahoo Chief Executive Carol Bartz, who was fired earlier this month.
Yahoo has received inquiries from multiple parties about "potential options," but the struggling company is expected to take months to decide its future. It has retained Allen & Co to help it conduct a long-term "strategic review." [ID:nS1E78M212]
Private equity firm Silver Lake Partners is among the parties that have been in touch with Allen & Co, according to a source familiar with the matter.
Yahoo's board has also started to look for a permanent CEO, but provided no details on its progress, or whether it hired an executive recruiting firm to oversee the search.
At an all-hands meeting the day after Bartz was fired, Yahoo founder Jerry Yang said the company was not for sale, according to another source familiar with the matter. But analysts are staking good odds that Yahoo could eventually be acquired.
Ma said he couldn't predict when a deal to acquire Yahoo might take place.
"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," he said.
"I cross my fingers, just to say we are very, very interested," Ma said.
(Reporting by Alexei Oreskovic; editing by Andre Grenon, Gary Hill)
Technology
Deals
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review
Hot Stocks
Asian Markets
Inflows Outflows
Media
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Social Stream (What's this?)
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Contact Us
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.