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Article: Yahoo! China Mates With Alibaba In $4B Deal.

Article from:
TelecomWeb News Digest
Article date:
August 11, 2005
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Yahoo! is funneling $1 billion in cash into China's largest e-commerce company, Alibaba.com, with plans to merge Yahoo! China into Alibaba in a deal valued at a total of $4 billion - thus creating one of the largest Internet companies in China. In return for its cash and its Yahoo! China business, Yahoo! gets a 40-percent economic interest and 35-percent voting rights in Alibaba.com.

Technically, the melded Yahoo!/Alibaba operations are a "partnership," setting up a business model never before used by an Internet company in China, the two companies say. The entire deal is scheduled for closing in the fourth quarter.

The combined entity will ...

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