Alibaba Eyes Yahoo

TAKEOVER

Updated Apr. 24, 2017 12:51PM EDT / Published Dec. 29, 2011 12:05PM EST

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Could Yahoo go to China? The Chinese e-commerce company Alibaba recently hired a Washington lobbying firm as it contemplates a bid for the former Internet heavyweight. Yahoo currently owns a 40 percent stake in Alibaba, but it's considering cutting that share, as well as its stake in Yahoo Japan. Alibaba founder Jack Ma has previously said he’s interested in owning all of Yahoo, but such a move would likely come under scrutiny from the U.S. government; hence the lobbying firm, which is headed by Kenneth Duberstein, President Reagan’s former chief of staff.

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Alibaba Eyes Yahoo

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