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Alibaba intrested in buying Yahoo

Deepanker Verma October 1, 2011 Internet

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Yahoo is going through its bad time and searching for a new person to take the company lead. Company has also an option to be available for sale.
Alibaba’s founder and CEO Jack has given an statement in which he expressed his interest in buying Yahoo. “We are very interested in Yahoo. Our Alibaba group is important to Yahoo and Yahoo is important to us… All the serious buyers interested in Yahoo have talked to us,” he said at an event at Stanford University.
Alibaba Group owns 70 percent of Alibaba.com, which has a market capitalization of $4.72 billion, 3.49 billion Euro. Yahoo’s 40 percent of Alibaba Group is worth a lot of money.
Alibaba can not buy Yahoo alone. It have not enough money for that. But it can do it with the help of 2-3 big companies.

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About the Author: Deepanker Verma

Deepanker Verma is the Founder and Editor-in-Chief of TechloMedia. He holds Engineering degree in Computer Science and has over 15 years of experience in the technology sector. Deepanker bridges the gap between complex engineering and consumer electronics. He is also a a known Security Researcher acknowledged by global giants including Apple, Microsoft, and eBay. He uses his technical background to rigorously test gadgets, focusing on performance, security, and long-term value.