YAHOO! : Inc. Issues Statement Regarding Alibaba
09/17/2010| 04:20pm US/Eastern
Yahoo! Inc. (NASDAQ:YHOO) issued the following statement today:
?Our investment as a shareholder in Alibaba Group is strategic and a
great one for our company and our shareholders," said Carol Bartz, CEO,
Yahoo! Inc. "As an investor, Yahoo! has no operational control in the
Group and we're very supportive of the operational direction Jack Ma and
his team are taking the Group. Jack is clearly one of the most
impressive entrepreneurs of our time. We are not going to comment on any
private discussions we may or may not have with our strategic partners.
As with all matters like this, any decisions regarding this investment
would be driven by what will create the most value for our shareholders.?
Yahoo! attracts hundreds of millions of users every month through its
innovative technology and engaging content and services, making it one
of the most visited Internet destinations and a world-class online media
company. Yahoo!'s vision is to be the center of people's online lives by
delivering personally relevant, meaningful Internet experiences. Yahoo!
is headquartered in Sunnyvale, California. For more information, visit pressroom.yahoo.com
or the company's blog, Yodel Anecdotal (yodel.yahoo.com)
May Petry, 408-349-6356 (Media Relations)
La Rocca, 408-349-5188 (Investor Relations)
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