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.