Article Image
News Link • World News

Alibaba hires U.S. lobbying firm as it eyes Yahoo


Japan's Softbank Corp, which owns a 30 percent stake in Alibaba and is a partner in Yahoo Japan, is also listed as an Alibaba affiliate in the disclosure by the lobbying firm, Duberstein Group Inc.

Alibaba Group's founder, Jack Ma, said in September he was keen to buy all of Yahoo if the opportunity presented itself.

Hiring a Washington lobbying firm could help Alibaba address any U.S. political opposition to a complete takeover of Yahoo by a company from a country that controls and censors the Internet.

Chinese companies, such as telecoms giant Huawei Technologies Co, have run into opposition when they have tried to buy U.S. assets over the years.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: