October 9, 2007
Report: Yahoo to Purchase 10 Percent or $100M of Alibaba IPO
According to various reports, Yahoo is going to buy either a 10 percent stake or $100 million worth of the forthcoming public offering of B2B site Alibaba.com on the Hong Kong exchange. The company already owns a significant minority stake (39 percent) of Alibaba Group, the parent of Alibaba.com. It would be buying a stake directly in the B2B site. As Loren Baker explains, Yahoo doesn't own its foreign sites, which are typically operated as joint ventures with local control.
Filed under Search Engines by Greg Sterling
