We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Microsoft to resurrect Yahoo takeover bid?

Ballmer met with firm that controls Yahoo China

A meeting between Microsoft CEO Steve Ballmer and Jack Ma, the CEO of Chinese e-commerce firm Alibaba Group, which controls Yahoo in China, has led to speculation that the software giant might have resurrected its bid to acquire Yahoo.

The two executives met in China last week. However, both Microsoft and Alibaba declined to provide further details of the subjects covered in the meeting. Several Chinese news sources said the meeting may have concerned a possible Microsoft acquisition of Yahoo, including web portals Sina and Tencent.

Alibaba had posed a possible problem for Microsoft in its failed bid for Yahoo last year. The Chinese internet company feared a Microsoft takeover of Yahoo, its largest shareholder, might mean the end of its independence and had reportedly sought other investors to buy out Yahoo's stake. Such a deal would have meant Microsoft would get Yahoo without any China properties.

Yahoo holds a nearly 40 percent stake in Alibaba, which in turn controls Yahoo's operations in China. Alibaba's subsidiaries include the Alibaba.com business-to-business commerce site and Taobao, dubbed 'China's eBay'.

The meeting between Ballmer and Ma last week is the second in just a few months. Ma and other Alibaba executives met Ballmer in March during a visit to the US that also included talks on potential cooperation with firms like Yahoo, eBay and Google, said Splinder.


IDG UK Sites

How to use an Apple Watch: Everything you need to know about the Apple Watch

IDG UK Sites

Why Scottish Tablet is better than the iPad mini

IDG UK Sites

How Microsoft's HoloLens AR headset will work without needing a computer or phone

IDG UK Sites

Apple MacBook 1.1 GHz review (Retina, 12-inch, Early 2015): The future of Apple laptops