Neowin.net - Chinese Investors Weigh in on Microsoft's Yahoo Bid

Chinese Investors Weigh in on Microsoft's Yahoo Bid

Posted by Daniel Fleshbourne via PCWorld on 18 February 2008 - 16:05 · 7 comments & 3464 views

Alibaba Group, the Chinese Internet firm, will seek a stronger voice for its management team in Microsoft's talks to acquire Yahoo, Alibaba's largest shareholder, a source said on Monday. Based on the original agreement with Yahoo, which owns 39 percent of Alibaba, the Chinese company is in a very strong position to influence how shares would be transferred to any new owner, said the source, who is close to Alibaba.

The problem is a perception by Beijing authorities that an important Chinese firm could come under the control of Microsoft Corp, which has a reputation of using monopolistic tactics, said the source, who is familiar with a team of bankers and lawyers assembled by Alibaba to review its options.

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(3 replies) #1 Posted by peterish on 18 Feb 2008 - 16:11: haha funny name for a chinese company!

#2 Posted by BigBoy on 18 Feb 2008 - 22:34: It's funny how "Beijing authorities" would be concerned about "monopolistic tactics" seeing that they themselves are the ultimate monopolistic no-choice we-make-choices-for-you body. Huh!

#3 Posted by saiya on 19 Feb 2008 - 01:33: lol yeah i've run into their site before and its just frustrating, no good sites on its diredctory

#4 Posted by Abhishek Kapoor on 19 Feb 2008 - 18:20: Ali Baba and the Forty Investors?

IT"S true ............. ROFL

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