China's Alibaba Interested In Buying Yahoo 56
jfruhlinger writes "Alibaba is a company that most Americans probably haven't heard of, but it's a hugely important Internet player in China, owning the Yahoo! China site as well as a host of other marketplace Websites. It's 40 percent owned by Yahoo, but now, in what seems a bit like a snake eating its own tail, Alibaba CEO Jack Ma has declared his interest in buying the embattled Internet portal outright." The San Francisco Chronicle has a Bloomberg News article with more details; they report that Alibaba is actually one of three parties looking into a joint bid for Yahoo, the others being the equity firm Silver Lake and Russian tech investor Digital Sky Technologies.
Re:I'm confused (Score:4, Informative)
they report that Alibaba is actually one of three parties looking into a joint bid for Yahoo, the others being the equity firm Silver Lake and Russian tech investor Digital Sky Technologies.
So how's the joke supposed to go now? "In capitalist Russia, Chinese employee buys YAHOO!"?
In Soviet China Yahoo searches for YOU!