bill - 3:57 am on Sep 17, 2010 (gmt 0)
Yahoo CEO says no interest in Alibaba stake sale [reuters.com]
That is what Yahoo Inc (YHOO.O) Chief Executive Carol Bartz tells the founder of Alibaba Group whenever he asks if he can buy back Yahoo's 39 percent stake in the Chinese Internet company.
Alibaba "constantly" approaches Yahoo about repurchasing its stake, Bartz told Reuters in a wide-ranging interview on Wednesday, but Yahoo has no plans to sell it.
"People are wringing their hands about what to do in the China market... this is a great way to get upside in the China market," Bartz said of the world's largest Internet market by users that has challenged rivals such as Google Inc
There's not much Yahoo would gain by selling out their share (other than some quick cash). They have no other way to get involved with the China market otherwise. That could be more lucrative down the road.