Report: Alibaba wants to buy Yahoo's stake in the company

Chinese Internet company believes Microsoft eventually will buy Yahoo

China's Alibaba Group is looking for investors to buy Yahoo's 39 per cent stake in the Internet company, according to the Reuters news service.

According to Reuters, a person with direct knowledge of the situation outlined a plan intended to keep Microsoft from getting the Alibaba stock owned by Yahoo.

The source told Reuters that Alibaba is making the move because it believes Microsoft is likely to win its US$42.4 billion takeover battle to buy Yahoo. And if that happens, Alibaba would prefer increased independence, the person told Reuters.

Yahoo said it had no comment on the Alibaba talks and Microsoft could not be reached for comment. Alibaba also could not be reached for comment.

According to Reuters, Alibaba feels that the agreement it signed with Yahoo in 2005 gives it a "right of first offer" to buy Yahoo's stake, a clause that would be invoked if Microsoft buys Yahoo. Under the deal, Yahoo merged its Chinese operations into Alibaba in exchange for the 39 per cent stake in Alibaba Group.

Another source told the news agency that Yahoo's top three executives, CEO Jerry Yang, President Susan Decker and CFO Blake Jorgensen, are meeting with major US institutional investors to garner support for its position that the Microsoft offer undervalues the company.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Linda Rosencrance

Computerworld
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?