Report: Yahoo To Purchase 10 Percent Or $100M Of Alibaba IPO

According to various reports, Yahoo is going to buy either a 10 percent stake or $100 million worth of the forthcoming public offering of B2B site Alibaba.com on the Hong Kong exchange. The company already owns a significant minority stake (39 percent) of Alibaba Group, the parent of Alibaba.com. It would be buying a stake directly in the B2B site. As Loren Baker explains, Yahoo doesn’t own its foreign sites, which are typically operated as joint ventures with local control.

Related Topics: Channel: Industry | Yahoo: Business Issues | Yahoo: Outside US


About The Author: is a Contributing Editor at Search Engine Land. He writes a personal blog Screenwerk, about SoLoMo issues and connecting the dots between online and offline. He also posts at Internet2Go, which is focused on the mobile Internet. Follow him @gsterling.

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