This post was edited by edisonone at 2011-12-5 11:46|
Alibaba negotiating total Yahoo buyout
Alibaba Group and Softbank Corporation are reportedly in advanced talks with Blackstone Group and Bain Capital about making a bid for all of Yahoo. According to a Reuters report, the Alibaba-led group plans to buy Yahoo in its entirety for about 20 dollars per share, instead of only buying a minority stake as previously reported. Blackstone and Bain Capital are said to have agreed to cooperate with Alibaba in this regard.
The manager of Alibaba's public relations department declined comment about this bid, while Sina Tech reported that Alibaba spokesman John Spelich denied any finalized plan to buy Yahoo, saying, "Alibaba Group has not made a decision to be part of a whole-company bid for Yahoo."
But, is it really worth the big bucks?
First of all, unlike Google & Microsoft,
there's no tech to be had with a .com such as Yahoo
so can we call it impulsive shopping???
And, are we replicating America's .com fanaticism
and hence, ultimately, its .com bubble of 2001 as well because
of our irrational and impulsive spending behaviors?
I lost my pants in that sneaky wall street
one and I warn Chinese investors to take good and safe care of
their hard earnt reminbi or their HK dollar...