Alibaba Group, the Chinese Internet company part-owned by Yahoo Inc, has hired advisers to evaluate issues related to a possible purchase of its U.S. partner by Microsoft Corp after the Chinese government said it would scrutinize the deal, the Wall Street Journal said Friday.
Alibaba executives believe Microsoft will succeed in its bid for Yahoo, and has hired lawyers and financial advisers to evaluate issues related to a possible deal -- key among them, how Alibaba could increase management's control in areas such as board composition and voting rights, the Journal said on its Website.
I was reading that MSFT and Y! has many overlapping investors. One did a study and since they have more $ in MSFT, it would be to their (several major investors') advantage if MSFT did not increase the bid as those particular investors would lose more in MSFT than gain with a higher Yahoo bid