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[QUOTE]Originally posted by invester: [QB] Alibaba's Ma Approached on Yahoo! Bid By Joseph Woelfel 11/09/10 - 05:29 AM EST Add CommentStock quotes in this article:YHOO HANGZHOU, Zhejiang, China (TheStreet) -- Alibaba's founder Jack Ma has been approached by a group of private-equity investors to gauge his interest in joining a bid to buy Yahoo!(YHOO_), Reuters reports, citing a source close to the situation. More on YHOO Stocks Choppy on Strong U.S. Dollar, Gold SoarsStock Wrap: The Real Story, November 8Yahoo, AOL Rumors: Morning Tech BytesMarket Activity Yahoo Inc.| YHOO UPAOL Inc| AOL UPMa has yet to make any decision about participating in the potential bid, said the source, Reuters reports. The source didn't unveil the names of any private-equity firms that may be involved. Alibaba is 40% held by Yahoo! and is China's biggest e-commerce company. The source told Reuters it was unclear if the bid attempt was a new one or one in which AOL(AOL_) was previously said to be looking at. It was reported Monday that AOL had hired financial advisers to explore strategic options for the company, one of which included a possible tie-up with Yahoo!. Yahoo! isn't in active discussions with financial or strategic partners, and isn't currently reviewing or eliciting any proposals, a source close to Yahoo! told Reuters. Alibaba spokesman John Spelich had no comment for Reuters. Yahoo! bought its stake in Alibaba.com in 2005 for about $1 billion. Alibaba said in September that talks to buy back shares from Yahoo! collapsed, notes Bloomberg. Alibaba said at the time it had "no intention" of raising the matter again. -- Written by Joseph Woelfel [/QB][/QUOTE]
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