Article: Yahoo Takes $1 Billion Stake in China's Alibaba


Wireless News
08-12-2005
Yahoo Takes $1 Billion Stake in China's Alibaba

WIRELESS NEWS-August 12, 2005-Yahoo Takes $1 Billion Stake in China's Alibaba (C)2005 10Meters - http://www.10meters.com

Yahoo and Alibaba.com, China's largest e-commerce company, announced a definitive agreement to form a long-term strategic partnership in China.
Under the terms of the agreement, Yahoo will contribute its Yahoo China business to Alibaba.com and the two companies will work together in an exclusive partnership to grow the Yahoo brand in China. Additionally, Yahoo is investing $1 billion in cash to purchase Alibaba.com shares from the company and other shareholders. The agreement gives Yahoo an ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!