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Title: Chinese Investors Weigh in on Microsoft's Yahoo Bid Post by: Alex on February 18, 2008, 04:20:02 PM Chinese Investors Weigh in on Microsoft's Yahoo Bid
Alibaba Group, the Chinese Internet firm, will seek a stronger voice for its management team in Microsoft's talks to acquire Yahoo, Alibaba's largest shareholder, a source said on Monday. Based on the original agreement with Yahoo, which owns 39 percent of Alibaba, the Chinese company is in a very strong position to influence how shares would be transferred to any new owner, said the source, who is close to Alibaba.The problem is a perception by Beijing authorities that an important Chinese firm could come under the control of Microsoft Corp, which has a reputation of using monopolistic tactics, said the source, who is familiar with a team of bankers and lawyers assembled by Alibaba to review its options. Read full story... http://feeds.feedburner.com/~r/neowin-main/~3/237038845/chinese-investors-weigh-in-on-microsofts-yahoo-bid |