18.2.08

Alibaba says...

Alibaba, partly owned by Yahoo!, is said to want greater participation in a debate over a potential acquisition.

Based on the original agreement with Yahoo!, which owns 39 percent of Alibaba, the Chinese company is in a very strong position to influence how shares would be transferred to any new owner, said a source.

Yahoo! is the Chinese company's largest single shareholder, but Alibaba's management -- led by founder Jack Ma -- has retained effective control.

Alibaba has not been involved in any talks between Microsoft and Yahoo!, but would get involved as negotiations get more serious, the source said.

Via PC-World


No comments:

Post a Comment