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Codebreaker

Chinese company Alibaba "very interested" in acquiring Yahoo

John Moe Oct 3, 2011

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.

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