Hiring of lobbying firm hints at Yahoo interest
By Paritosh Bansal and David Ingram | China Daily | Updated: 2011-12-30 07:38
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Jack Ma, chairman of Alibaba Group Holding Ltd, at a news conference in China this year. Alibaba has hired a Washington lobbying firm as part of a possible bid to own Yahoo Inc, which has a roughly 40 percent ownership in Alibaba. Alibaba earlier failed to buy back the part of itself that is owned by the US-based Internet portal. Bao Fan / For China Daily |
Alibaba looking to purchase US Internet portal's Asian assets
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