30 December 2011

Alibaba hire lobbyist to Buy Yahoo

Desire companies from China, Alibaba, to buy shares of Internet giant Yahoo getting serious. It is seen after Alibaba hire the services of a lobbyist firm from the United States, Duberstein Group Inc., to smooth out these intentions.

Reported by Reuters, Alibaba's mission is supported by a Japanese company Softbank Corp.. No mention is how the form of support for Softbank in this collaboration.

To be sure, the company hired the lobbying firm, Alibaba is now so eager to make an offer for all outstanding shares owned by Yahoo, if talks to buy back Yahoo's stake in Asia at a stalemate.

In addition, with the intervention of Duberstein Group Inc, Alibaba hopes to curb such turmoil barriers among politicians and the U.S. government. Therefore, the Duberstein Group itself was led by Kenneth Duberstein, former White House chief of staff in the era of President Ronald Reagan.

Rumors that Yahoo will be sold is getting stronger by a statement from the CEO of Alibaba some time ago that it is very interested with Yahoo. "We are very, very interested in buying Yahoo," said Jack Ma, Alibaba CEO and chairman.

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