Jack Ma, the chairman of Alibaba's board of directors, recently said publicly that he was "very, very" interested in acquiring a US Yahoo company, which is running into trouble. If the acquisition is finally launched, it will be the largest investment capital from China's private sector in the U.S. action.
The reporter confirmed that Alibaba Group has contacted Yahoo and its advisers about possible acquisitions in the past few weeks, but negotiations are still at an early stage. A spokesman for Alibaba Group declined to comment on the news. But the latest news says Mr Ma has publicly confirmed that Alibaba Group, which has preemptive repurchase rights, will take part in a takeover game involving a number of companies and private equity, and Mr Ma has taken the initiative to communicate with Yahoo's co-founder and board member Jerry Yang, who will make a formal visit to the company and assess Yahoo's strategic value.
Data show that years ago, the United States Yahoo invested 1 billion U.S. dollars Alibaba Group, and the latter 40% of the stake. With the development of the market, the latter performance is far better than the former. Some investors estimate that the unlisted Alibaba Group is worth about $32 billion trillion, and us Yahoo is less than 20 billion dollars. Yahoo September 6 has just fired CEO Bartz, the latter in the past few years, the poor performance, this year, Yahoo shares have fallen 19%, the market value fell to 17 billion U.S. dollars. Yahoo's search for a sale was soon on the agenda.
Despite the poor performance of the Yahoo Market, its mailbox, search and other areas are still widely welcomed by users around the world. Yahoo in the U.S. communications market plays a very important role, but also the second largest search engine. After Mr Ma issued an "interested takeover of Yahoo" Voice, Yahoo shares rose 5% to close at 13.8 dollars.
As the deal involves the U.S. communications industry and is in the U.S. election year, the industry generally agreed that the takeover case will be the U.S. Foreign Investment Commission (CFIUS) focus on verification, whether approval will be a question. In the past few years, the rhetoric of "Chinese mergers and acquisitions involving the various industrial dimensions of the United States that will ultimately endanger U.S. national security" has been a mainstream voice, thanks to the influx of Chinese capital, whether in the US or in the US.
Analysts say that given the current economic situation in the US and the attitude towards China's investment, once Alibaba's merger is included in the US Overseas Investment Review Board (CFIUS) review, it means there will be many variables – at least, which will seriously delay the timing of the deal.
The latest news shows that Microsoft is also interested in seeking partners to buy Yahoo, the partner may be Alibaba.
The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion;
products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the
content of the page makes you feel confusing, please write us an email, we will handle the problem
within 5 days after receiving your email.
If you find any instances of plagiarism from the community, please send an email to:
info-contact@alibabacloud.com
and provide relevant evidence. A staff member will contact you within 5 working days.