Yahoo set to buy 35% stake in Alibaba
11 August 2005
Yahoo Inc, which claims to have the world's largest Internet search engine, is set to buy a 35% stake in Alibaba.com Corp, according to press reports. Under the terms being discussed, Yahoo would pay about US$1bn and hand over its Chinese operations to Alibaba in return for the stake that would make it the Chinese electronic-commerce company's largest single shareholder.
