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Alibaba 'interested' in buying Yahoo

8:57 am on Oct 3, 2011 (gmt 0)

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Alibaba 'interested' in buying Yahoo [koreaherald.com]

Alibaba Group Holding Ltd. Chairman Jack Ma said he’s "very interested" in buying Yahoo! Inc., the U.S. Web portal that ousted its chief executive officer last month amid stagnant growth and shrinking market share.

Ma said he's had discussions with Yahoo, as well as other potential buyers, without identifying them. The executive, whose company is 40 percent owned by Yahoo, spoke at an event at Stanford University near Palo Alto, California.

"We are very interested in Yahoo because our Alibaba Group is so important to Yahoo, and Yahoo is also very important to us," Ma said, when asked if he would buy the company. "There are so many people who are interested in that, and we are also talking to them."

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