Chinese to Buy Yahoo?

ADOTAS – Eight days after the announcement that Microsoft had entered a nondisclosure bid with Yahoo — a move that indicated Microsoft was jockeying to bid on the down-on-its-luck search engine — reports have arisen that Chinese online retail giant Alibaba and Japanese telecom/e-commerce company SoftBank had entered were in “advanced talks” (Bloomberg  Media’s words) with Blackstone Group and Bain Capital to make a bid on Yahoo. Alibaba’s been rumored to be interested in bidding for some time, but few details have been confirmed thus far about the company’s potential partners and plans. Reportedly, the bid may end up at somewhere around $20 per share. Yahoo, it’s worth pointing out, already owns a 43 percent equity stake in Alibaba, while Softbank owns roughly 40 percent of Yahoo Japan.

Yahoo’s board is currently discussing offers from potential minority-stake bidders, but some Yahoo investors reportedly would rather the company be sold as a whole. According to a statement from Alibaba, that company hasn’t decided to make a bid on the whole company.

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Pesach Lattin
Pesach Lattin
Pesach "Pace" Lattin is one of the top experts in interactive advertising, affiliate marketing. Pace Lattin is known for his dedication to ethics in marketing, and focus on compliance and fraud in the industry, and has written numerous articles for publications from MediaPost, ClickZ, ADOTAS and his own blogs.

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