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.) g9 {, I6 d( [, ~2 h, |1 E
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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.
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& {2 P, I+ w$ uYahoo 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: [+ `6 h) A0 G9 ^$ U
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Employees were told in an email in late September that the process could take several months.
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: Z" O) L! ]) y9 ktvb now,tvbnow,bttvbIn the meantime, there will be much speculation about who might be interested in the company.
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Yahoo owns about 40 per cent of Alibaba.www3.tvboxnow.com* t6 Y* F6 l. H5 }/ g
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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.www3.tvboxnow.com3 R0 `4 W5 i8 a+ |
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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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1 j& \" ]1 L/ ]+ i# `: ytvb now,tvbnow,bttvbChief Financial Officer Tim Morse is serving as interim CEO while the search for a successor to Bartz continues. |