Alibaba 'very interested' in buying Yahoo
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The CEO of the Chinese internet company Alibaba Group says he would be "very interested" in buying Yahoo.
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Jack Ma made the statement in response to a question during a speaking engagement at Stanford University on Friday, said John Spelich, a spokesman for Alibaba.tvb now,tvbnow,bttvb- m4 n" b5 L" d2 m; v i1 V
/ h. O9 h# ?' } b7 A, ]. Y& qtvb now,tvbnow,bttvbMa also told the audience prospective buyers had approached Alibaba to discuss a possible purchase for Yahoo, Spelich said late on Saturday. The spokesman did not identify the prospective buyers., {, U- R& T+ m* [
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Yahoo is trying to decide whether to sell part or all of itself following the firing last month of Carol Bartz as CEO.
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Employees were told in an email in late September that the process could take several months.
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In the meantime, there will be much speculation about who might be interested in the company.www.tvboxnow.com3 X0 ], g( x% y3 G1 ~
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Yahoo owns about 40 per cent of Alibaba.www.tvboxnow.com0 _& c+ h6 v# i/ ~6 E
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Bartz was fired because she was unable to boost Yahoo's advertising revenue and make the company more competitive with Google and Facebook.
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Yahoo's net revenue - the amount the company keeps after paying advertising commissions - fell five per cent in the second quarter. Google's revenue soared 36 per cent. ^3 k; D/ E" U' z4 d( v& [0 _
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The company is searching for a new CEO while also considering whether to sell itself.
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) q/ R* c2 J) B$ a8 Q" j3 L% Z5 GChief Financial Officer Tim Morse is serving as interim CEO while the search for a successor to Bartz continues. |