Alibaba CEO Says He Wants To Buy Yahoo

Several days ago at Stanford University, a Chinese executive said he was "very interested in Yahoo." Jack Ma runs a giant e-commerce website in China called Alibaba. Six years ago, Yahoo bought a 40 percent stake in Alibaba, and is the biggest investor in the Chinese site. But Yahoo fortunes have waned, making it takeover target.

Copyright © 2011 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

DAVID GREENE, host: And our last word in business today is talk of a transpacific takeover. A few days ago at Stanford University, a Chinese executive said he was very interested in Yahoo.

LYNN NEARY, host: As in buying Yahoo. The executive was Jack Ma. He runs a giant e-commerce website in China called Alibaba, and he knows Yahoo well. Six years ago, Yahoo bought a 40 percent stake in Alibaba, and is now the biggest investor in the Chinese site.

GREENE: But Yahoo's fortunes have waned, making it takeover target. Privacy watchdogs are already raising concerns about the dangers of a Chinese company owning the American Internet giant.

(SOUNDBITE OF MUSIC)

GREENE: And that is the business news on MORNING EDITION, from NPR News. I'm David Greene.

NEARY: And I'm Lynn Neary.

Copyright © 2011 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.