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Yahoo "aligned" with Google on China

     
12:37 am on Jan 14, 2010 (gmt 0)

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Yahoo backs Google on China [theglobeandmail.com]

Yahoo Inc. supports rival Google Inc.'s threatened departure from China because of computer attacks that pried into the e-mail accounts of human rights activists. In a statement Wednesday, Yahoo said it's "aligned" with Google's reaction to the hacking that originated within China.

Yahoo, based in Sunnyvale, Calif., closed its offices in China in 2005 when it sold its business there to the Alibaba Group. As part of that deal, Yahoo retains a 39 per cent stake in Alibaba that represents one of Yahoo's most valuable assets. Yahoo spokeswoman Nina Blackwell declined on Wednesday to say whether its solidarity with Google would cause the company to sell its Alibaba holdings.
11:20 am on Jan 18, 2010 (gmt 0)

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no surprise. Though I don't think Y or G will let go of any interests in Baidu or Alibaba. More likely to strengthen them if they could
11:38 am on Jan 18, 2010 (gmt 0)

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G has no stock in Baidu (that I am aware of). Their share (under 3%) was sold for $60 million (and a big profit) at the same time as they started Google.cn.