Alibaba 'very interested' in buying Yahoo1 Z4 `7 A6 G, k M
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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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5 a5 R3 _9 e- f' itvboxnow.comJack 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.tvboxnow.com$ _. i, M j/ q& r/ f
9 g/ T4 ?3 l- T6 D4 `8 z' e AMa 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.
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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.tvb now,tvbnow,bttvb; O5 r1 c: g7 i" {# V
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Employees were told in an email in late September that the process could take several months.) U' ~, [: A! S W- I
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In the meantime, there will be much speculation about who might be interested in the company.tvb now,tvbnow,bttvb0 i2 R) f4 a; ?4 i9 Z) j
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Yahoo owns about 40 per cent of Alibaba.tvb now,tvbnow,bttvb( ` f/ }. c6 S6 a
4 m6 t p2 e1 R9 h9 \/ o: [, X2 iBartz was fired because she was unable to boost Yahoo's advertising revenue and make the company more competitive with Google and Facebook.% [* w5 y g7 A" m$ q# u' e6 E
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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.
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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. |