Alibaba hires US lobbyist

News Broadband United States 29 DEC 2011
Alibaba hires US lobbyist
Chinese e-commerce group Alibaba.com has hired a lobbying firm headed by former White House official Kenneth Duberstein as part of its exploration of a possible bid for all of Yahoo, a person familiar with the matter told the Wall Street Journal. The company said in a US congressional filing on 23 December that it hired the Washington, DC-based lobbying firm Duberstein Group, which is headed by the former chief of staff during the Reagan administration. The move may be an attempt to pre-empt any opposition from the US government over the Chinese company taking a stake in or acquiring significant parts of Yahoo!. Other Chinese companies such as Huawei have faced political opposition when pursuing takeovers or contracts in the US.

Categories:

Internet

Companies:

Alibaba.com,  Yahoo!

Countries:

United States

Tags:

Portals / social media, Wholesale, Advertising services, Government policy, M&A buyouts & divestments

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