Filed under: Investments

Microsoft Corp. (NASDAQ: MSFT) better not be hoping to acquire Yahoo! Inc. (NASDAQ: YHOO) in order to snag the company’s stake in Chinese Internet commerce company Alibaba Group. Published reports indicate Alibaba is seeking investors to buy the 39% stake in the company held by Yahoo!. In 2005, Yahoo! rolled its Chinese operations into Alibaba and invested $1 billion in the operation for its stake.

Alibaba believes the 2005 agreement with Yahoo! gives it first dibs on acquiring Yahoo!’s stake if Microsoft succeeds in acquiring the company. It has hired Deutsche Bank and Wachtell, Lipton Rosen & Katz to advise it on its options.

Continue reading at TechConfidential.com.

Share This

This entry was posted on Monday, April 7th, 2008 at 3:10 am and is filed under Investments and Raising Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.