Jack Ma: Alibaba Group is Very Interested in Acquisition of Yahoo

Alibaba Group CEO Jack Ma said Alibaba Group is very interested in the acquisition of Yahoo. He made his speech at Stanford University yesterday.

Ma said: “We are very interested in Yahoo. Alibaba Group is very important for Yahoo, while Yahoo is also very important to us. and we’ve made contact with all potential acquirers of Yahoo.”

Ma said he favours the whole acquisition of Yahoo, but this process would be very complicated, and involves several companies. He eventually re-emphasized: “We are very, very interested in the acquisition .”

Yahoo currently holds 40% of the shares of Alibaba Group.