Alibaba interested in buying Yahoo2011.10.04 13:06 by Daniela
Tags: Alibaba, Yahoo
The Chinese e-commerce company's Chief Executive Jack Ma said he is interested in buying Yahoo. After Mr. Ma's comments, made Friday to an audience at a "China 2.0" event at Stanford University, it wasn't clear over the weekend whether Alibaba had taken formal steps toward a purchase of Yahoo.
With Mr. Ma's apparent entrance, an increasingly crowded field has lined up to weigh bids for Yahoo. The private equity firm Silver Lake Partners, Microsoft, the News Corporation and other investors and strategic buyers are among the potential bidders.
Of the potential bidders for Yahoo, Mr. Ma has been the only one to speak openly about his interest. His comments, made late Friday, helped propel shares in Yahoo up 2.7 percent on Monday, to $13.53, amid a slump in the broader stock market. That gives the company a market value of nearly $17.1 billion.
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