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China Alibaba wants to takeover Yahoo

Guest Ron

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Alibaba (HKG:1688), China’s leading e-commerce business, is planning a full takeover of Yahoo.


Alibaba Group is a holding company with six major subsidiaries – Alibaba.com, Taobao Marketplace, Taobao Mall, eTao, Alibaba Cloud Computing and China Yahoo!. Jack Ma serves as chairman and CEO of the company.


Alibaba Group Holding Limited

Trident Trust Co (Cayman) Ltd

One Capital Place 4th Floor

Georgetown, Cayman


Other investors of Alibaba


Softbank Corporation

1-9-1 Higashi-Shimbasni, Minato-Ku

Tokyo, Japan


Alibaba (China) Co. Ltd (PRC)

19/F, Xihu Int'l Building

39 Wen Er Road

Hangzhou 310013 China


Yahoo! is a 43% owner of Alibaba Group


Alibaba Group acquired China Yahoo! (www.yahoo.com.cn) in October 2005 as part of its strategic partnership with Yahoo! Inc. China Yahoo! is one of the leading Chinese-language portals with a focus on essential Internet services including news, email and search. China Yahoo! is now wholly owned by Alibaba Group.


Alibaba has hired the Duberstein Group to help its takeover bid of Yahoo. The Duberstein Group help orchestrate the Republicans ascent in the House in 2011, which generated the firm more than $7 million in the first three quarters of the year.


Duberstein Group Inc

2100 Pennsylvania Ave NW # 500

Washington, DC 20037-3208

(202) 728-1100 ‎


Kennith Duberstein is the first Jewish American appointed as White House Chief of Staff during the Reagan administration. In 2008, Duberstein supported Barack Obama for president. Duberstein serves on the board of directors for the Boeing Company, ConocoPhillips, the Fleming Companies, Inc., and The St. Paul Companies, Inc. He also is on the Board of Governors for the American Stock Exchange and NASD, and has served on the Board of Directors of Fannie Mae. Kennith is also a member of the Council on Foreign Relations.


Michael S. Berman is a long-time Washington lawyer and lobbyist. He is currently the President of The Duberstein Group. Berman is the brother of California Democratic Congressman Howard Berman. In 1992, Berman became a confidante to President Bill Clinton and First Lady Hillary Rodham Clinton. He was a prominent advisor to the two during their tenure in the White House. Berman has also played a major role in planning the Democratic National Convention for a number of years.


Steven Champlin is a partner at the Duberstein Group. Champlin served as the Director of the House of Representatives Democratic Caucus from 1991 through 1993. Champlin is a lobbyist for America's Health Insurance Plans and urged Congressional Republicans not to vote for health insurance reform.


Brian Griffin is a partner at the Duberstein Group. Griffin was a former Honeywell lobbyist and aide to Senator Byron Dorgan. In 2008 Griffin worked on behalf of Goldman Sachs in its historic fraud suit.


Marti Thomas is a partner at the Duberstein Group. Thomas was Vice President at Goldman Sachs, Assistant Secretary at US Department of the Treasury, Executive Floor Assistant at US Democratic Majority Leader Richard Gephardt.


Dan Mayer was Senior Vice President at Duberstein Group. He was Chief of Staff at House Speaker Newt Gingrich. Assistant to the President for Legislative Affairs. Mayer is a lobbyist for BP (British Petroleum) and is connected to Koch Industries.







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There is no way that our government is going to allow the sell of this large of a national media asset. That is like allowing China the right to buy Fox Entertainment Group.


Yahoo! is the No. 2 site in the U.S. with nearly 180 million unique visitors each month. The company also reaches an additional 80 million unique visitors in Latin America and 15 million unique visitors in Canada.


(comScore Media Metrix, September 2011)

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Guest DCpages Staff

Yahoo! announced the appointment of Scott Thompson as Chief Executive Officer, effective January 9, 2012, at which time Tim Morse will resume his role as Chief Financial Officer. Thompson has also been appointed to the Company's Board of Directors, effective January 9, 2012.


Thompson served most recently as President of PayPal, a division of eBay, where he continued his established track record of growing businesses by driving customer engagement built on strong technology platforms. Under his leadership, PayPal solidified its lead as the global online payment service, expanding its user base from 50 million to more than 104 million active users in 190 countries worldwide, increasing the number of merchant partners to more than 8 million globally, and growing revenues from $1.8 billion to $4+ billion in 2011.


"Scott brings to Yahoo! a proven record of building on a solid foundation of existing assets and resources to reignite innovation and drive growth, precisely the formula we need at Yahoo!," said Roy Bostock, Chairman of the Yahoo! Board. "His deep understanding of online businesses combined with his team building and operational capabilities will restore the energy, focus, and momentum necessary to grow the core business and deliver increased value for our shareholders. The search committee and the entire Board concluded that he is the right leader to return the core business to a path of robust growth and industry-leading innovation."


"Yahoo! is an industry icon and I am very excited about the prospect of working with one of the great teams in the online world to deliver Yahoo!'s next era of success," Mr. Thompson said. "Yahoo! has a rich history and a solid foundation to build on, and its continued user engagement is one of the many reasons for my enthusiasm. With the ultimate goal of delivering the value our shareholders expect, my immediate focus will be on getting to know the entire team and hearing more from all Yahoo!s, working closely with the engineers and product teams, and diving deeply into our products and services to learn more about what our more than 700 million users find most engaging and useful. I will also be working directly with our region leaders and sales teams globally to get a clearer understanding of the needs of our advertisers and publishers. Clearly, speed is important but we will attack both the opportunity ahead and the competitive challenges with an appropriate balance of urgency and thoughtfulness. I cannot wait to get started."


"Scott's primary focus will be on the core business, and as CEO and director, he will work closely with the Board as we continue the strategic review process to identify the best approaches for the Company and its shareholders. As part of this process, Yahoo! is considering a wide range of opportunities for the Company's business, as well as specific investments or dispositions of assets," added Bostock.


"We are all grateful to Tim Morse for leading the company with a steady hand during the last several months. His deep understanding of the Company and his positive approach kept the company on course and we will continue to benefit from his exceptional capabilities as he returns to his Chief Financial Officer role," Bostock concluded.


Scott Thompson Biographical Information


Scott Thompson has a record of deep industry experience, having most recently served as President of PayPal with overall responsibility for establishing that company as the leading global online payment service. He previously served as PayPal's Senior Vice President and Chief Technology Officer. Prior to PayPal, Mr. Thompson was Executive Vice President of technology solutions at Inovant, a subsidiary of Visa formed to oversee global technology for the organization. Thompson was also Chief Information Officer of Barclays Global Investors, where he implemented a new strategic technology platform and global infrastructure. In addition, he worked with Coopers and Lybrand, delivering information technology solutions to leading financial services clients.

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