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.
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Ma 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. O, e5 `% b" P5 m3 b* \1 ?8 \& u
* B4 r5 ^" F- [# r3 {: x' s7 N7 q2 {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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3 O' r5 f* ?. Z* a% r5.39.217.76Employees were told in an email in late September that the process could take several months.5.39.217.76( @2 a: J% p8 b# ]% X2 A
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In the meantime, there will be much speculation about who might be interested in the company.5.39.217.764 Q$ r6 `* E- C# z
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Yahoo owns about 40 per cent of Alibaba.
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3 Q" F4 L$ i' S. o3 [3 |0 }, f公仔箱論壇Bartz was fired because she was unable to boost Yahoo's advertising revenue and make the company more competitive with Google and Facebook.. R- ^6 `8 d: g0 t
. V+ q5 a. v" m1 @8 y+ H; J% MYahoo'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.
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The company is searching for a new CEO while also considering whether to sell itself.
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Chief Financial Officer Tim Morse is serving as interim CEO while the search for a successor to Bartz continues. |