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Yahoo’s Bartz On Alibaba Stake: ‘Very Good Investment For The Future’ [paidcontent.org]
Tension may be growing between Yahoo (NSDQ: YHOO) and Alibaba Group—but don’t look for Yahoo to sell its 44 percent stake in the company any time soon or to offload its other Asian investments for that matter. During an interview on CNBC, CEO Carol Bartz described the Alibaba stake as a “way to profit” from the Chinese internet market without directly operating there.
As for its 35 percent stake in Yahoo Japan, Bartz said that Yahoo Japan adds revenue and net income to the company. “That’s not an investment, that’s actually a partnership,” she said.