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The Yahoo!-Alibaba deal
Updated: 2005-08-11 19:19
Alibaba chief executive Jack Ma (3rd R)
and Yahoo chief operating officer Daniel Rosensweig (2nd R) gesture during
a press conference in Beijing, August 11, 2005. Yahoo Inc. will pay
$1 billion for 40 percent of Chinese Web auctioneer Alibaba.com, taking
on eBay and search firm Baidu.com as it extends its reach in the
world's second-biggest Internet market. Photo in the background shows
Jerry Yang, co-founder of Yahoo and Jack Ma on the Great
Wall. [newsphoto] |
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