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China's Alibaba Interested In Buying Yahoo 56

Posted by timothy
from the maybe-they'll-have-cuter-jingles dept.
jfruhlinger writes "Alibaba is a company that most Americans probably haven't heard of, but it's a hugely important Internet player in China, owning the Yahoo! China site as well as a host of other marketplace Websites. It's 40 percent owned by Yahoo, but now, in what seems a bit like a snake eating its own tail, Alibaba CEO Jack Ma has declared his interest in buying the embattled Internet portal outright." The San Francisco Chronicle has a Bloomberg News article with more details; they report that Alibaba is actually one of three parties looking into a joint bid for Yahoo, the others being the equity firm Silver Lake and Russian tech investor Digital Sky Technologies.
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China's Alibaba Interested In Buying Yahoo

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  • they report that Alibaba is actually one of three parties looking into a joint bid for Yahoo, the others being the equity firm Silver Lake and Russian tech investor Digital Sky Technologies.

    So how's the joke supposed to go now? "In capitalist Russia, Chinese employee buys YAHOO!"?

    • Re:I'm confused (Score:4, Informative)

      by ackthpt (218170) on Tuesday October 04, 2011 @12:44PM (#37600742) Homepage Journal

      they report that Alibaba is actually one of three parties looking into a joint bid for Yahoo, the others being the equity firm Silver Lake and Russian tech investor Digital Sky Technologies.

      So how's the joke supposed to go now? "In capitalist Russia, Chinese employee buys YAHOO!"?

      In Soviet China Yahoo searches for YOU!

  • by Trepidity (597) <delirium-slashdot@@@hackish...org> on Tuesday October 04, 2011 @12:36PM (#37600636)

    Alibaba's been interested in buying back the Yahoo-owned portion of the company for a while, and with Yahoo's current stock price and the success of Alibaba, just buying Yahoo might be a reasonably cost-effective way to buy itself back.

  • by MonsterTrimble (1205334) <monstertrimble.hotmail@com> on Tuesday October 04, 2011 @12:36PM (#37600638)
    Alibaba's main business is to try to connect no-name chinese manufacturers with distributors elsewhere. The site is garbage. If you thoughtYahoo was bad before... *shudder*
    • by NevarMore (248971)

      I hit Alibaba.com and it didn't look that bad. No worse than any other generic or broad commerce site like Craigslist or eBay or Amazon.

    • by couchslug (175151)

      Mod up! Alibaba is nothing more than search engine pollution.

      Thanks for the reminder. Just added it to my hosts blockfile. :)

    • You wouldn't believe how much crap the Chinese people tolerate on web sites.

      Between the slow spyware ridden browsers, IE6-only Javascript errors, malfunctioning ad popups, and general poor user interfaces etc., they somehow manage to use those sites.

      It's amazing.

    • by satuon (1822492)
      That actually sounds like a very good idea - a wholesalers' ebay so to speak.
  • I noticed several brand names I associate with "America" are now owned by some one else, I wonder if selling off Yahoo would the loss of all the American jobs hired there.

    http://www.huffingtonpost.com/2010/10/08/american-brands-in-foreig_n_755900.html#s152955&title=Budweiser [huffingtonpost.com]

    But hey what's in a name right.

    • by ackthpt (218170)

      I noticed several brand names I associate with "America" are now owned by some one else, I wonder if selling off Yahoo would the loss of all the American jobs hired there.

      http://www.huffingtonpost.com/2010/10/08/american-brands-in-foreig_n_755900.html#s152955&title=Budweiser [huffingtonpost.com]

      But hey what's in a name right.

      Before the 1960's the largest foreign holders of property in America were the Netherlands.

      In the 1970's people (particularly where I lived) were alarmed when the Saudis came in and began buying obscure local banks, companies and properties.

      In the 1980's the Japanese were buying up golf courses, movie studios, huge ranches, you name it.

      Now the Chinese are looking to buy and people are getting worried all over again.

      I'll only worry when they make a bid for the State of California.

      • by koan (80826)

        Yes but you can't really move a building or a golf course, Internet companies can have their physical servers anywhere, so why would you buy Yahoo and keep all the American fat when you can easily transition to a well educated and cheaper workforce in China?

        • by Surt (22457)

          But fat uneducated Americans deserve jobs!

          • by koan (80826)

            My view on what is "deserved" has changed quite a bit, no one really "deserves" anything in the truest sense, you want that land? Can you hold it? You want that job? Can you work it?

            Some one had to hold the land, some one had to make the law, some one had to enforce it, and some one had to tell you you deserve something.
            But in reality with out the prior being true then your deserving and your rights are not true and certainly not the reality of life (try explaining your rights and what you deserve to a hung

  • Of course the ironic thing is that China absolutely forbids any foreign company from owning any decent % of a Chinese internet firm, but they seem to have no qualms with a Chinese firm buys a foreign internet firm. Sort of like how all protectionism is bad according to Hu Jintao, except for Chinese protectionism of course which is good and despite the fact that he criticizes other countries' trade policy, said Chinese protectionism should not be criticized by anyone else.
    • by Niac (2101)

      That isn't hypocrisy. It's self-interest. Their policies are internally consistent: they desire a strong China. Not permitting foreign investors, and permitting local investments to be made in foreign markets makes for a strong China. Not that I agree with it, mind you. But that's how it appears.

    • Actually what you said isn't quite true. Alibaba, along with most top Internet companies in China, are technically foreign companies. The holding companies are registered in Cayman Island and Bermuda; the operating subsidiaries are Chinese companies. These companies all have foreign investors including Silicon Valley venture capital. Alibaba, for example, is still 40% owned by Yahoo. Softbank also owns a big trunk.

      The Chinese government's intend is to protect the market from foreign companies which have had

    • by Surt (22457)

      That's strategy, not irony.

    • by satuon (1822492)
      I've heard that Yahoo owns 40% of Alibaba.
  • Don't think that them getting Yahoo is a good idea.
    • Alibaba, and a number of other sites like them, are horrible to do business with. Yes, it can be done. However even contacting the 'gold member' sellers that are supposed to have factories and company physically checked by alibaba often leads to failures to get the same offers they list on the site. If you can't find someone that will use an escrow, you ARE going to get ripped off. If you want a standard commodity then that's doable. If you want something tech oriented it can be a nightmare.

      I recently was

  • but I'm not quite sure for whom. Let's just say everybody.
  • I think history speaks for itself. You don't want a Russian, Arab or Chinese buyer for your personal email account. Better say goodbye to privacy.
    • Hell, these days you don't even want an American in charge of your information (facebook, google, anybody?) Not to imply that Americans are any more or less trustworthy than anybody else, I'll leave that argument aside for now.

      I like google, but they DO definitely track my stuff, I'm STILL seeing Tire ads show up 2 weeks after I quit shopping online for tires...

      One just cannot trust anybody with one's private information, brings to mind the old adage "Three people can keep a secret, if two of them are dead.

      • This just came to mind as I'm tracking a UPS package from Canada...I wonder if UPS tracks everything they've ever sent to me...location, store type, declared value (if applicable), etc.
    • by satuon (1822492)
      That's why I'm glad I'm using gmail.

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