PhoneCardSmile.Com Logo
E-mail: Password:
Welcome to
China Phone Card News, China Telecom News
China Alibaba ponders Microsoft Yahoo bid

Date: 2/18/2008 1:14:56 PM

Alibaba Group, the Chinese Internet company partowned by Yahoo Inc, has hired advisers to evaluate issues related to a possible purchase of its U.S. partner by Microsoft Corp after the Chinese government said it would scrutinize the deal, the Wall Street Journal said Friday.

Alibaba executives believe Microsoft will succeed in its bid for Yahoo, and has hired lawyers and financial advisers to evaluate issues related to a possible deal key among them, how Alibaba could increase managements control in areas such as board composition and voting rights, the Journal said on its Website.

The plan by Alibaba management flows from concerns about how the Chinese government would view a combination of Microsoft and Yahoo if the software giants bid for the U.S. Internet company is successful, the report said.

Microsoft on Jan. 31 made an unsolicited offer for Yahoo then valued at $44.6 billion, or $31 a share which Yahoos board this week rejected.

Alibaba has already been contacted by Chinese regulators seeking information on how it could be affected by a Microsoft purchase, the Journal said.

Yahoo owns 39 percent of Alibaba, which runs its Chinese operation as well as several other Web businesses, including Ltd, Chinas largest listed Internet company.

The stake makes Yahoo the Chinese companys largest shareholder, but Alibabas management led by founder Jack Ma has retained effective control over its operations.

Alibaba executives are concerned that a possible acquisition of Yahoo by Microsoft, a much bigger company with a tradition of more handson management, could cast doubt on its independence, the Journal said.

Alibabas fourmember board currently includes one Yahoo representative, Chief Executive Jerry Yang.

Another major shareholder in Alibaba is Japans Softbank Corp, which owns about 30 percent of the Chinese company. Softbank is also partners with Yahoo in Yahoo Japan Corp.

** Check Out our China Phone Card
Tag Clouds: Phone Card China, Calling Card to China, China Phone Cards  Phone Card News Stats


<-- Back

International Phone Card Search

Calling From United States to:
Phone Card Name (Optional):
Provide Local Access in

Navigation Links:

Live Help!

My Rewards Program

Secured and Verified by:
About SSL Certificates
HACKER SAFE certified sites prevent over 99.9% of hacker crime.
Discover, Master, Visa, American Express
Your current IP is:

Phone Card Rates
Brazil Phone Card, Brazil Calling Card Flag   Brazil 0.2¢ Canada Phone Card, Canada Calling Card Flag   Canada 0.1¢
China Phone Card, China Calling Card Flag   China 0.1¢ Egypt Phone Card, Egypt Calling Card Flag   Egypt 3.1¢
France Phone Card, France Calling Card Flag   France 0.1¢ Germany phone card, Germany calling card flag   Germany 0.1¢
Iraq Phone Card, Iraq Calling Card Flag   Iraq 1.0¢ india phone card, india calling card flag   India 0.1¢
italy phone card, italy calling card flag   Italy 0.1¢ Japan Phone Card, Japan Calling Card Flag   Japan 0.3¢
Korea South Phone Card, Korea South Calling Card Flag   S. Korea 0.1¢ Mexico Phone Card, Mexico Calling Card Flag   Mexico 0.4¢
Nigeria Phone Card, Nigeria Calling Card Flag   Nigeria 2.8¢ Philippines Phone Card, Philippines Calling Card Flag   Philippines 4.6¢
Russia Phone Card, Russia Calling Card Flag   Russia 0.3¢ Taiwan Phone card, Taiwan Calling Card Flag   Taiwan 0.1¢
South Africa Phone Card, South Africa Calling Card Flag   S. Africa 0.9¢ USA Phone card, USA Calling Card Flag   USA 0.3¢
UK Phone Card, United Kingdom Calling Card Flag   UK 0.1¢ USA Phone card, USA Calling Card Flag   Vietnam 0.8¢
Phone Card News

More News...