Jack Ma Is Very Interested in Buying Yahoo – NYTimes.com

Jack Ma, Founder of Alibaba Group

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Jack Ma, chief executive of the Chinese e-commerce company the Alibaba Group, said on Friday that he was strongly considering buying Yahoo. It was the first public overture for the struggling Web portal.

“We are very interested,” Mr. Ma said when asked if his company wanted to make such an acquisition.

The comment from the stage at the China 2.0 conference at Stanford University confirmed what had already been reported: that Alibaba was among Yahoo’s suitors. Silver Lake Partners, Providence Partners, Andreessen Horowitz and Microsoft have also reached out to Yahoo’s board.

Yahoo’s board is reviewing its strategic options after firing Carol A. Bartz, the company’s chief executive, who failed to turn around the company during a rocky two-and-a-half-year tenure. Selling all or part of the company is among the options the board is considering.

via Jack Ma Is Very Interested in Buying Yahoo – NYTimes.com.

Strange Random Merger Quote:

“I always said that mega-mergers were for megalomaniacs.” – David Ogilvy (Scottish-born British military intelligence officer and later top advertising executive, 1911-1999)


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Posted on October 1, 2011, in Article and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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