Yahoo CEO Touts Alibaba Investment

Carol Bartz says Yahoos 39% stake in the China e-commerce leader is great for business, refuses comment on tension between the firms.

(click image for larger view)
Mobile Football Madness: Best Apps For The Gridiron
While touting its large investment in Alibaba, Chinas largest e-commerce company, Yahoo is saying no comment to reports the relationship between the two companies is deteriorating.
In an apparent attempt to address reports that problems between the companies had recently gotten worse, Yahoo chief executive Carol Bartz said Friday that Yahoos investment as a shareholder in Alibaba Group is strategic and a great one for our company and our shareholders.
We are not going to comment on any private discussions we may or may not have with our strategic partners, Bartz said in a statement. As with all matters like this, any decisions regarding this investment would be driven by what will create the most value for our shareholders.
Yahoo has a 39% stake in Alibaba, which controls the largest e-commerce sites, both business-to-business and consumer, in China. Signs that tensions were growing between the companies surfaced in June when top management of Alibaba said the company
wanted to buy
back its entire stake, including Yahoos investment, and list itself on a mainland China stock exchange.
Yahoo paid $1 billion for its stake in 2005 and relegated its China operations to Alibaba. Over the last five years, however, the companies relationship has been anywhere from rocky to downright ugly.
For example, in January 2009, then-new CEO Bartz told Alibaba management that she was unhappy with the way they were running Yahoo China. More recently, in January Alibaba criticized Yahoo for supporting Google in its dispute with the Chinese government over censorship. At the time, Alibaba said Yahoos stance was reckless... given the lack of facts in evidence.
Nevertheless, Bartz told an annual shareholders meeting last week in San Francisco that the company was happy with the return on investment from Alibaba and said it was a good way to invest in China without getting involved in the countrys politics.

Last News
▸ ArcSight prepares for future at user conference post HP acquisition. ◂ Discovered: 07/01/2025 Category: security	▸ Samsung Epic 4G: First To Use Media Hub ◂ Discovered: 07/01/2025 Category: security	▸ Many third-party software fails security tests ◂ Discovered: 07/01/2025 Category: security

**Cyber Security Categories**
Google Dorks Database	Exploits Vulnerability	Exploit Shellcodes

CVE List

Tools/Apps

News/Aarticles

Phishing Database

Deepfake Detection

Trends/Statistics & Live Infos

Tags:
Yahoo CEO Touts Alibaba Investment