Gabelli & Co.

Alibaba’s chairman expresses interest in buying Yahoo!

Mon, 2011-10-03 14:14 - By  
Speaking at an event at Stanford University in California, Alibaba Group Holding’s Chairman, Jack Ma, has expressed his interest in buying Yahoo! Inc., adding that he already had discussions with Yahoo! over the subject, according to Bloomberg. Ma’s existing relationship with Yahoo!, which already owns 40% of Alibaba, may give him an advantage in putting a deal together, according to Brett Harris, an analyst at Gabelli & Co.

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