Monday, October 3, 2011

Alibaba CEO and Founder: Would Like To Buy Yahoo!

Jack Ma, Alibaba founder and Ceo, is planning to buy the Yahoo Inc if the opportunity present and discuss with the other potential buyers about options. He told the audience on his speech at Stanford University that he is " very interested in Yahoo. "

Jack Ma
(Chaiman and Founder of China's largest business-to-business Web marketplace Alibaba at the Commonwealth Economic Forum in Taipei, January 19, 2010)

The former Yahoo Chief Executive, Carol Bartz, was fired earlier this month, the company's board of directors come in decision to replace themselves or sell the company to more competent management firm. This late September, company founder Jerry Yang told employees that possible acquisition would take at least several months to complete if the suitable buyer was revealed.

Alibaba has had a strained relationship with the U.S. Web company, which owns roughly 40% of the Chinese e-commerce giant. He wanted to buy back the rest of his company.


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