0
Broadband

Alibaba drops offer for Yahoo stake

Monday 20 September 2010 | 09:19 CET | News
Yahoo! has confirmed its 39 percent stake in Chinese internet portal Alibaba. "Our investment as a shareholder in Alibaba Group is strategic and a great one for our company and our shareholders," said Yahoo CEO Carol Bartz in a statement. Yahoo is supportive of Alibaba's operational direction and management led by Jack Ma, she added. However, the company declined to comment on recent reports that Alibaba has offered to buy out Yahoo as a shareholder. Yahoo said it would not comment on discussions with strategic partners and any decision on the investment woud be driven by questions of

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Internet
Companies: Alibaba / Yahoo!
Countries: China
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.