The dude behind Alibaba might be the leading a group to buy Yahoo. Interesting development. I wonder if they would be smart enough to monetize the areas that are making tons of money off 3rd party affiliate marketers off yahoo traffic.
Source:
http://news.yahoo.com/alibabas-ma-ve...011636223.html
Quote:
The former English schoolteacher later added that, were he to have his way, he would be eager to acquire all of Yahoo, not just the stake it owns in Alibaba.
"The whole piece of Yahoo," Ma said in answer to a question from the audience about what part of Yahoo he was interested in. "China is already ours, right? It's already in my pocket."
Yahoo shares leaped 5 percent to $13.80 in after-hours trading.
Acquiring Yahoo could help Ma expand his online empire into one of the world's most important Internet markets.
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