Jack Ma, COE of Alibaba Group Holding has restated his intentions to look for partners to acquire Yahoo Inc. according to a report in the Wall Street Journal (Oct 21-23, 2011 issue). A takeover of Yahoo Inc. would be by far the most ambitious move abroad by the Alibaba Group.
It was said that a potential takeover of Yahoo by Alibaba may raise eyebrows in Washington. Critics are quick to point out that ceding control of an U.S. Website to a non-U.S. party would cause concerns about national security and privacy aspects. BIIA does not share these concerns. Yahoo needs fresh ideas and new management. Jack Ma has mastered the art of bringing buyers and sellers together through the Internet and has done far more for small businesses than Yahoo and others have accomplished. BIIA has expressed its views in a previous post and stands for open commerce and information flows.