bill - 1:56 am on Oct 25, 2011 (gmt 0)
Former Head Of Google China: "Alibaba Isn't Suited to Manage Yahoo" [businessinsider.com]
Kai-Fu Lee, former head of Google China, today weighed in on the possibility of the Alibaba Group acquiring Yahoo.
In a post on Zhihu.com, a clone of U.S. Q&A site Quora, Lee said Alibaba is not suited to manage Yahoo’s core business and the only aim for Alibaba is to buy back its own shares held by Yahoo.
As the chairman and CEO of InnovationWorks, one of China’s largest startup incubators, Lee estimates that the most plausible final deal would be for Yahoo to merge its core business with AOL after selling its Asia assets to Alibaba and PE firms.