Alibaba May Buy Yahoo

China's Alibaba Group is discussing a buyout of Yahoo! for about $25 billion. The bid has not yet been finalised, but it makes sense for mega-b2b portal Alibaba to look at a Yahoo purchase as Yahoo currently owns 40% of Alibaba.

"We are probably one of the very few companies that really understand Yahoo USA very well," said Alibaba's boss Jack Ma. "We are very, very interested."

This news comes on the heals of Yahoo getting two other offers for minority stakeholders yesterday, one from a group that included Microsoft and the other from private equity outfit TPG Capital.

...just when you thought Yahoo was dead :naughty: