Chinese company Alibaba "very interested" in acquiring Yahoo
That’s according to the company’s CEO, speaking in California on Saturday. Alibaba is a Chinese e-commerce company founded by former English teacher Jack Ma. Weirdly, Yahoo owns 40% of Alibaba and part of Ma’s motivation would be to get the thing back from Yahoo. But he wants the whole thing, not just his own company. It’s hard to imagine the acquisition of a big company like Yahoo by a Chinese e-commerce company would earn US governmental approval.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.